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FDIC Will Give Full Outline Of Big Bank Wind-Down Plans

Law360, New York (November 21, 2013, 4:05 PM EST) -- Federal Deposit Insurance Corp. Chairman Martin Gruenberg said Thursday that his agency would soon put out a fuller description of its plans for taking apart a failed global financial institution.

Gruenberg said the FDIC will open to public comment the description of how it intends to use its orderly liquidation authority for a big bank or systemically significant nonbank financial institution.

But in his speech before The Clearing House Association, Gruenberg said the single point of entry tactic the FDIC is developing, which would see the...
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