FDIC postpones action on a resolution process for banks

09/28/2010 | MarketWatch

The Federal Deposit Insurance Corp. was expected to approve a rule that would establish a resolution mechanism for major banks on the verge of collapse, but the agency postponed the decision. The FDIC expects to discuss the proposal with the Financial Stability Oversight Council. Sheila Bair, head of the FDIC, said there are "important issues" that need to be discussed and clarified before moving ahead with the resolution authority. To track the latest developments on Dodd-Frank implementation, visit SIFMA's Regulatory Action Database.

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