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.