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ARTICLE · 06 APRIL 2011

Financial Services Alert - April 5, 2011

Goodwin Procter LLP
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On March 29, 2011, the FDIC’s Board of Directors issued a proposed rule (the "Proposed Rule") outlining the information bank holding companies with assets of $50 billion or more and systemically significant nonbank financial companies ("Covered Companies") must include in required resolution plans – so-called "living wills."

United StatesFinance and Banking
Robert Kurucza
Robert Kurucza

Developments of Note

  • FDIC Proposes Rules Outlining Living Will Requirements For Covered Companies
  • SEC Proposes Rules that Would Require Exchanges to Establish Listing Standards Relating to Compensation Committees and Compensation Consultants

Other Items of Note

  • New ERISA Litigation Update Available
  • FRB Discloses Information Concerning its Emergency Lending and Financial Assistance to Private Companies During 2008 Financial Crisis
  • FinCEN Issues Advisory Concerning Reporting Potential Instances of Commercial Real Estate Fraud
  • OCC Issues Bulletin on Risk Management of Outsourcing of Management of Collective Investment Funds

DEVELOPMENTS OF NOTE

FDIC Proposes Rules Outlining Living Will Requirements For Covered Companies

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