FDIC board creates Advisory Committee on Systemic Resolutions
The board of directors of the Federal Deposit Insurance Corporation (FDIC) has approved the creation of the FDIC Advisory Committee on Systemic Resolutions to provide advice and guidance on issues regarding the resolution of large, systemically important institutions.
The passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 21, 2010 gave the FDIC the authority to resolve such institutions.
Chairman Sheila Bair said the FDIC had been given a "tremendous amount of
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