Ramping Up Rules For Covered Financial Cos.

Law360, New York (November 3, 2010, 1:54 PM EDT) -- Title II of the Dodd-Frank Act establishes a new nonjudicial receivership alternative for resolving troubled financial companies that could threaten the stability of the U.S. financial system (Covered Financial Companies), as described further below. The Federal Deposit Insurance Corporation, on Oct. 12, 2010, issued a notice of proposed rulemaking to begin to implement the provisions of Title II.

Comments on the regulatory language contained in the proposal and certain related questions are due no later than Nov. 18, 2010, and comments on a broader set of...
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