FDIC systemic resolution panel to discuss ‘making bankruptcy work,’ more

Thursday’s meeting of an advisory committee of the federal bank deposit insurer will open with remarks from the agency chairman and proceed to an all-day agenda that covers bankruptcy, orderly liquidations and cross-border resolution, the agency said in a release Tuesday.

The Federal Deposit Insurance Corp. (FDIC) Systemic Resolution Advisory Committee provides advice and recommendations on policy issues related to the resolution of systemically important financial companies. The Dec. 6 meeting, held at FDIC headquarters in Washington, D.C., will open and close with remarks by FDIC Chairman Jelena McWilliams.

The agenda also includes:

  • Making Bankruptcy Work – Title I Update: Domestic G-SIBs (global systemically important banks); large FBO (foreign banking organization) update; bankruptcy update; next steps to address challenges
  • Title II Orderly Liquidation Update: Role of Orderly Liquidation Authority, Framework, Operational Readiness, and Planning
  • Cross-Border Resolution Implementation: International Engagement, Cooperation and Continuity of Operations, Developments Ahead

Scheduled from 9 a.m. to 4 p.m., the meeting will be open to the public and webcast live.

FDIC’s Advisory Committee on Systemic Resolution to Meet on December 6, 2018


Watch the webcast