FDIC Clarifies Orderly Liquidation Authority Provisions of Dodd-Frank Act Affecting Certain Securitizations | Practical Law

FDIC Clarifies Orderly Liquidation Authority Provisions of Dodd-Frank Act Affecting Certain Securitizations | Practical Law

An update on the FDIC's interpretation of certain orderly liquidation authority provisions of the Dodd-Frank Act that conflicted with the avoidable-transfer provisions of the Bankruptcy Code, causing concern that the inconsistency could chill securitizations involving covered financial companies.

FDIC Clarifies Orderly Liquidation Authority Provisions of Dodd-Frank Act Affecting Certain Securitizations

by PLC Finance
Published on 06 Jan 2011USA (National/Federal)
An update on the FDIC's interpretation of certain orderly liquidation authority provisions of the Dodd-Frank Act that conflicted with the avoidable-transfer provisions of the Bankruptcy Code, causing concern that the inconsistency could chill securitizations involving covered financial companies.