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FDIC approves resolution rule
18 January 2012
Insured depository institutions of a certain size will need to submit periodic contingency plans for resolution in the event of failure
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FDIC
insured depository institution
The US Federal Deposit Insurance Corporation (FDIC) has approved a final rule requiring an insured depository institution with $50bn or more in total assets to submit periodic contingency plans for resolution in the event of the institution's failure.
Insured depository institutions are financial institutions that accept deposits and have federal insurance. The final rule...
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