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2.6 Rulemaking by the FDIC Regarding Receiverships

<< Title II Overview

2.6 Rulemaking by the FDIC Regarding Receiverships

 

 


            2.6.       Rulemaking by the FDIC Regarding Receiverships.  The FDIC is required to issue rules and regulations to implement Title II, including rules and regulations regarding the rights, interests, and priorities of creditors, counterparties, secured parties, or other parties with respect to any covered financial company or any assets or other property of or held by such covered financial company, and to address the potential for conflicts of interest between among FDIC receiverships under Title II and the FDI Act.  The FDIC, to the extent possible, is to harmonize applicable rules and regulations under Title II with the insolvency laws that would otherwise apply to a covered financial company.  [§209]