Regulators Eye New Rules To Manage Big Bank Failures

Law360, New York (July 13, 2012, 5:40 PM EDT) -- Regulators are continuing to work on rules governing a new process that will handle the collapse of massive financial institutions, striving for rules that will ensure creditors receive no less under the new process than they would in bankruptcy litigation, according to a report Thursday.

Regulators are currently finalizing the process under the Dodd-Frank Act's Orderly Liquidation Authority by which the Federal Deposit Insurance Corp. could serve as receiver of a failing financial company rather than the company entering bankruptcy, the U.S. Government Accountability Office's report...
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