Systemic resolution advisory panel will review COVID-19 ‘lessons learned’ in discussion of resolution planning

The panel formed to advise the Federal Deposit Insurance Corp. (FDIC) on matters related to the resolution of systemically important financial companies will discuss what’s been learned from the COVID-19 pandemic during its open meeting Oct. 1.

The agenda for the FDIC Systemic Resolution Advisory Committee’s upcoming meeting is available now on the FDIC’s website. It shows that FDIC Chairman Jelena McWilliams will give opening and closing remarks for the virtual meeting, set to begin at 9 a.m. ET. Panel discussion will cover:

  • Resolution planning under bankruptcy: Developments in the Title I framework under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank); and lessons learned from firms’ COVID-19 pandemic response.
  • Resolution planning under the FDIC’s orderly liquidation authority: The resolution framework for global systemically important banks; and an update on resolution planning for nonbanks.

(The FDIC’s Federal Register notice for this meeting has the meeting concluding by 12:30 p.m., but the agency’s own website-published agenda has it ending at noon.)

Oct. 1 meeting agenda

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