US In Talks With Switzerland, Japan On Bank Wind-Down Plans

Law360, New York (May 15, 2013, 5:55 PM EDT) -- U.S. bank regulators have opened discussions with their Swiss and Japanese counterparts on coordinating plans for winding down large financial institutions as part of an effort to figure out how to safely take apart a failing global bank, a top official said Wednesday.

Federal Deposit Insurance Corp. Chairman Martin Gruenberg said that the talks with regulators in Switzerland and Japan come as his agency continues its close cooperation with authorities in the U.K. and the European Union.

If the FDIC is able to reach agreement with...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.