For FDIC, Big Bank Wind-Down Plan Is Best Bad Choice

Law360, New York (December 11, 2013, 6:35 PM EST) -- Questions remain about the Federal Deposit Insurance Corp.'s outline for unwinding failed global financial institutions, but observers say the vision the agency laid out Tuesday remains the best among bad options for handling a future crisis.

The FDIC's board on Tuesday voted to submit its single point of entry strategy for the resolution of systemically important financial institutions in the Federal Register and asked the industry, advocates and other members of the public to weigh in on key questions about how it should operate — and...
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