Policy issues related to the resolution of systemically important financial companies will be the focus of an advisory committee meeting Dec. 6 at the Federal Deposit Insurance Corp. (FDIC) in Washington.
The FDIC Systemic Resolution Advisory Committee will provide advice and recommendations “on a broad range of policy issues regarding the resolution of systemically important financial companies,” according to a notice for the Federal Register. The meeting, to be held from 9 a.m. to 4 p.m. ET in FDIC’s board room, is open to the public and will be webcast live.
FDIC received authority to resolve large, systemically important institutions under the Dodd- Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) of 2010; it formed its advisory committee in May 2011. It currently lists 16 members, among them former heads of the FDIC, Office of the Comptroller of the Currency (OCC), Securities and Exchange Commission (SEC), and former officials of the Federal Reserve System.
The committee charter was last renewed in May 2017.