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June 08, 2011 at 08:00 PM
The Systemic Resolution Advisory Committee, an arm of the Federal Deposit Insurance Corp. (FDIC), is set to meet June 21 in Washington.
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 gives the FDIC a role in resolving problems at any “systemically important financial company” – including a systemically important, failing insurer that is neglected by its home state regulator.
The Systemic Resolution Advisory Committee “will provide advice and recommendations on a broad range of issues regarding the resolution of systemically important financial companies,” the FDIC says in a notice published in the Federal Register.
