FDIC’s systemic resolution advisory panel set to meet Dec. 5

The federal bank deposit insurance agency’s Systemic Resolution Advisory Committee is slated to meet publicly Dec. 5 to discuss issues and developments related to the resolution of systemically important financial companies.

The advisory committee, established in 2011, reports to the chairman of the Federal Deposit Insurance Corp. (FDIC) Board. It provides advice and recommendations on the effects on financial stability and economic conditions of a covered company’s failure and how they arise, the effects on markets and stakeholders of the activities of a covered company, market understanding of the structures and tools available to the FDIC to facilitate an orderly resolution of a covered company, the application of such tools to nonbank financial entities, international coordination of planning and preparation for the resolution of internationally active covered companies, and harmonization of resolution regimes across international boundaries.

The Dec. 5 meeting, scheduled to run from 9 a.m.-4:30 p.m. Eastern, will be viewable in person and via webcast.

Meeting notice