The FDIC final rule restricting cancellation rights for certain qualified financial contracts was published in the Federal Register.
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The FDIC adopted a final rule that restricts cancellation rights for qualified financial contracts when a counterparty enters into bankruptcy or resolution proceedings.
Three pension funds sued several major broker-dealers and their affiliates for allegedly inhibiting competition in the stock lending market.
The Federal Deposit Insurance Corporation requested comments on a proposal to subject certain supervised bank entities to restrictions regarding the terms of their qualified financial contracts.