Overview of Resolution Under Title II of the Dodd-Frank Act
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Overview of Resolution Under Title II of the Dodd-Frank Act

Filetype[PDF-2.73 MB]



Details:

  • Corporate Authors:
  • Description:
    Chairman’s Foreword (Pg i)

    Acknowledgements (Pg iii)

    Executive Summary (Pg 1)

    Introduction (Pg 3)

    1. Objectives and Tools of a Title II Resolution (Pg 5)

    Challenges of Resolving Large, Complex Financial Companies (Pg 5)

    DFA Framework for Orderly Resolution (Pg 5)

    2. Resolution Planning and Policy Developments Supporting the Application of Title II (Pg 9)

    Strategy for Mitigating Disruption and Contagion: Single Point of Entry (Pg 9)

    Regulations Supporting Orderly Resolution (Pg 11)

    Resolution Planning and Firm Capabilities (Pg 12)

    International Cooperation (Pg 14)

    3. Deciding Whether, When, and How to Use Title II Resolution Authority (Pg 17)

    Contingency Planning (Pg 17)

    Determining the Resolution Regime: Bankruptcy or Title II (Pg 20)

    Confirming the Resolution Strategy (Pg 24)

    4. Operational Steps for a U.S. GSIB Title II Resolution (Pg 27)

    Launching the Resolution (Pg 27)

    Stabilizing Operations (Pg 33)

    Exiting from Resolution (Pg 38)

    Conclusion (Pg 45)

    Glossary and Abbreviations (Pg 47)

  • Content Notes:
    Figure A: Legal Regimes for Resolving Financial Institutions in the United States (Pg 4)

    Figure B: 165(D) Planning Requirements for U.S. and Foreign Banking Organizations (Pg 7)

    Figure C: Single Point of Entry Schematic (Pg 10)

    Figure D: Resolution Developments Mitigating Resolution Challenges (Pg 16)

    Figure E: Crisis Continuum and Contingency Planning Phases (Pg 18)

    Figure F: The Three Keys Process for Title II’s Orderly Liquidation Authority (Pg 21)

    Figure G: DFA Title II Requirements (Pg 23)

    Figure H: Resolution of a Foreign GSIB with U.S. Operations (Pg 24)

    Figure I: How Does a GSIB Resolution Under Title II Affect My Deposits? (Pg 25)

    Figure J: Addressing Management Challenges (Pg 29)

    Figure K: Balanced Approach for Bridge Governance and Oversight-Examples of the Division of Responsibilities Between the FDIC and Bridge Financial Company (Pg 31)

    Figure L: FDIC Use of Contractor Support in a Title II Resolution (Pg 33)

    Figure M: Illustrative Exit Through a Securities-for-Claims Exchange (Pg 41)

    Figure N: The Dodd-Frank Act Creditor Hierarchy (Pg 43)

    Figure O: Are Taxpayers “On the Hook” for the GSIB Failure? (Pg 43)

  • Pages in Document:
    50
  • Dataset Download URL:
  • Format:
  • Release Date:
    04/01/2024
  • Agencies Involved:
    Federal Deposit Insurance Corporation (FDIC);Board of Governors of the Federal Reserve System (The Fed);
  • Fdic Employee Involved:
    Martin J. Gruenberg;Arthur J. Murton;Susan Baker;Betsy Falloon;Steve Grefe;Bill Pelton;Nathan Steinwald;Ryan Tetrick;John Conneely;Andrew Felton;Joanne Fungaroli;Mark Haley;David Kiddney;Cassandra Knighton;Laura Porfiris;Jenny Traille;Audra Cast;Pamela Farwig;Robert Connors;Anthony Sinopole;Carroll Kim;Amy Thompson;David Barr;Andy Jimenez;Bruce Hickey;Noah Bloomberg;Angus Tarpley;Vickie Olafson;Kathy Zeidler;Alison Maynard;
  • Law Involved:
    Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act);Federal Deposit Insurance Act (FDI Act);
  • Source:
    FDIC Website
  • Main Document Checksum:
  • Download URL:
  • File Type:

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