The Federal Deposit Insurance Corporation's Advisory Committee on Systemic Resolution is scheduled to meet Wednesday to discuss and receive updates on: Title I and bankruptcy of a systemically important financial institution; Title II authorities for the resolution of Systemically Important Financial Institutions by the FDIC; Moody's recent action on U.S. bank holding companies; and international coordination on resolution of global systemically important financial institutions.
The FDIC created the advisory committee in 2011 to provide advice and recommendations on a broad range of issues relevant to the failure and resolution of a systemically important financial company. More information about the committee, including a list of its members, can be found at http://www.fdic.gov/about/srac/. The agenda for the meeting is available here.
The event is open to the public and will be Webcast live.
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 6,891 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-113-2013