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ARTICLE · 06 JANUARY 2010

FDIC Issues And Withdraws FAQs Regarding Its Private Equity Policy Statement

Fried Frank Harris Shriver & Jacobson
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On December 11, 2009, the Federal Deposit Insurance Corporation (FDIC) issued frequently asked questions (FAQs) regarding its Final Statement of Policy on Qualifications for Failed Bank Acquisitions (PE Policy Statement).

United StatesStrategy
Thomas Vartanian
Thomas Vartanian
David Ansell
David Ansell
Robert Ledig
Robert Ledig
Gordon Miller
Gordon Miller

On December 11, 2009, the Federal Deposit Insurance Corporation (FDIC) issued frequently asked questions (FAQs) regarding its Final Statement of Policy on Qualifications for Failed Bank Acquisitions (PE Policy Statement). See FDIC Adopts Modified Guidelines for PE Investments in Failed Institutions: The Debate Continues, (http://www.friedfrank.com/siteFiles/Publications/3F065212D7D767D94C9D869B28EBE248.pdf) 21st Century Money, Banking & Commerce Alert® (Aug. 28, 2009). Almost immediately, the FAQs were withdrawn, for reasons that have not been made public. The withdrawn FAQs, which appear to be based on an ad hoc collection of questions, attempted to clarify several points. Numerous other questions that might have been addressed were not.

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