FDIC Puts Off Resolution Authority Rule Vote

Law360, New York (September 27, 2010, 5:36 PM EDT) -- The Federal Deposit Insurance Corp. on Monday delayed presenting a final rule for the liquidation of failed investment banks and other large, interconnected financial institutions until it is before a council of regulators created under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2009.

The FDIC is consulting with the Financial Stability Oversight Council about the final details of its resolution authority, as required under the Dodd-Frank Act, which President Barack Obama signed into law in July. The agency's board had been scheduled to...
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