FDIC Chair Martin J. Gruenberg observed that the financial industry has rebounded from the 2008 crisis and is better prepared to react to economic challenges.
News & Insights
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.
Several trade associations submitted comment letters responding to the FDIC's proposed rulemaking to restrict the contractual provisions of qualified financial contracts entered into by certain FDIC-supervised institutions.
Federal banking agencies proposed amendments to conform swap margin rules to recently adopted rules restricting the cancellation rights of qualified financial contracts in the event of a counterparty entering resolution proceedings.
The Secretary of the Treasury extended the compliance dates for regulations implementing qualified financial contract recordkeeping requirements for certain non-bank financial companies that may pose systemic risk.