FDIC Commences Roundtable Discussions on the Dodd-Frank Act
In connection with the implementation of the Dodd-Frank Act, the FDIC announced a series of roundtable discussions with external parties. The first discussion was held on August 31, 2010, and the agenda for the meeting was focused on the new resolution authority provided in the Dodd-Frank Act for the largest financial firms. The FDIC will announce subsequent roundtable discussions here.
Government officials, industry executives, academics, and investors were scheduled to discuss the framework of the resolution process, the treatment of creditors and the creation of living wills. Participation at the roundtable discussions is by invitation only. However, the FDIC will webcast each roundtable, and interested parties may view the discussion by clicking here. According to the FDIC website, an archived version of the webcast will be made available approximately two to three days following the live webcast.
The roundtables are part of the FDIC’s overall effort to bring transparency into the process. Previously, the FDIC announced that it was seeking input from the widest audience possible by encouraging the public to submit views via email on how the FDIC should implement the new law. According to the FDIC, these comments will become part of the record and will be posted on the FDIC website. Interested parties are directed to send comments to FinReformComments@fdic.gov.
Contact Steve Quinlivan for more information.