A final rule on revised deposit insurance assessments, a notice of proposed rulemaking on resolution of large banks, and proposed guidelines for appeals by banks of material supervisory determinations will among the actions considered by the board of the federal bank deposit insurance agency on Tuesday.
The Federal Deposit Insurance Corp. (FDIC) said the Oct. 18 meeting will start at 10 a.m.; it will be broadcast live via the Internet.
The proposed ANPR follows action taken by the Federal Reserve Board Friday, which also issued a proposal on the subject. The Fed’s action (taken in conjunction with the FDIC) is designed to boost banking regulators’ abilities to resolve non-global systemically important banks (non-GSIBs) “in an orderly way” should they fail. The Fed proposal seeks comments on potential new requirements – including a long-term debt requisite — and resources that would be used for an orderly resolution of a large institution.