Bankowość · 28.12.1994

Insider TransactionsConflicts of Interest

The FDIC is withdrawing its proposed rule governing business dealings other than extensions of credit between an insured nonmember bank and its directors, executive officers, principal shareholders, and related interests of such persons. Several factors have led the FDIC to its decision to withdraw the proposed rule. These include an intervening federal statute and implementing regulations that have addressed many of the concerns contained in the proposal, overwhelmingly negative comments received in response to the proposed rule, and an FDIC policy statement recommending the withdrawal of proposed rules that have not been acted upon by the FDIC's Board of Directors within nine months of the date of proposal. The FDIC, in its discretion, will revisit the issue at a later date if the agency determines that such course of action is necessary or appropriate.