The FDIC Board today approved two Notices of Proposed Rulemaking.
The first would implement section 201(c)(16) of the Dodd-Frank Act, which permits the FDIC as receiver for a failed systemically important financial institution (SIFI) to enforce and prevent termination of the contracts of the institution's subsidiaries or affiliates.
The second would make limited clarifications and definitional changes to the deposit insurance assessment system for insured depository institutions with more than $10 billion of assets by amending the definitions of leveraged loans and subprime loans used to identify concentrations in higher-risk assets.
The FDIC will request comments, open for 60-day after publication in the Federal Register, regarding both rules.
Read the proposed rule regarding enforcement of subsidiary and affiliate contracts.
Read the proposed rule regarding large-bank assessments.