Bankowość · 21/09/2011

FDIC Adopts Rule Requiring Resolution Plans for Large Insured Depository Institutions

The FDIC is requiring large insured depository institutions with $50 billion or more in total assets to submit a contingent plan for the resolution of such institutions in the event of their failure, with the goal of ensuring depositors receive access to their insured deposits within one business day and maximizing the net present value return from asset sales.