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| FDIC | RIN: 3064-AD59 | Publication ID: Fall 2010 |
| Title: ●Special Reporting, Analysis and Contingent Resolution Plans at Certain Large Insured Depository Institutions | |
| Abstract: The FDIC is seeking comment on a proposed rule that would require certain identified insured depository institutions (IDIs) that are subsidiaries of large and complex financial parent companies to submit to the FDIC analysis, information, and contingent resolution plans that address and demonstrate the IDIs ability to be separated from its parent structure, and to be wound down or resolved in an orderly fashion. The IDIs plan would include a gap analysis that would identify impediments to the orderly stand-alone resolution of the IDI, and identify reasonable steps that are or will be taken to eliminate or mitigate such impediments. The contingent resolution plan, gap analysis, and mitigation efforts are intended to enable the FDIC to develop a reasonable strategy, plan or options for the orderly resolution of the institution. The proposal would apply only to IDIs with greater than $10 billion in total assets that are owned or controlled by parent companies with more than $100 billion in total assets. | |
| Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Substantive, Nonsignificant |
| RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
| Major: Undetermined | Unfunded Mandates: No |
| CFR Citation: 12 CFR 360.10 | |
| Legal Authority: 12 USC 1817(b) 12 USC 1818(a)(2) 12 USC 1818(t) 12 USC 1819(a) Seventh ... | |
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Legal Deadline:
None |
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Timetable:
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| Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
| Small Entities Affected: No | Federalism: No |
| Included in the Regulatory Plan: No | |
| RIN Information URL: http://www.fdic.gov/regulations/laws/index.html | |
| RIN Data Printed in the FR: No | |
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Agency Contact: Keith Ligon Chief, Examination Support Unit, Division of Supervision and Consumer Protection Federal Deposit Insurance Corporation Washington, DC 20429 Phone:202 898-3618 James Marino Project Manager Federal Deposit Insurance Corporation Washington, DC 20429 Phone:202 898-7151 Mark Flanigan Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-7426 Email: mflanigan@fdic.gov Richard Bogue Counsel, Enforcement Unit, Legal Division Federal Deposit Insurance Corporation Washington, DC 20429 Phone:202 898-3726 Email: rbogue@fdic.gov Carl Gold Attorney Federal Deposit Insurance Corporation Washington, DC 20429 Phone:202 898-8702 |
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