The Impact Of Privacy On FDIC Resolution Plans

Law360, New York (November 17, 2011, 1:00 PM EST) -- On Sept. 13, 2011, the Federal Deposit Insurance Corporation adopted an interim final rule (the “FDIC rule”) that requires insured depository institutions with $50 billion or more in total assets (a covered insured depository institution or “CIDI”) to prepare and submit periodic resolution plans.[1]

The goal of the FDIC rule is to permit the FDIC, as bankruptcy receiver, to maximize the net present value return from the sale or disposition of a CIDI’s assets, and ensure that depositors quickly receive access to deposits and minimize losses...
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