FDIC Announces Systemic Risk Advisory Committee Meeting to Be Held December 10

Katten Muchin Rosenman LLP

The Federal Deposit Insurance Corporation (FDIC) on December 4 announced that it will hold a meeting of its Systemic Risk Advisory Committee on December 10. The meeting “will feature a discussion with Paul Tucker, Deputy Governor of the Bank of England on US and United Kingdom cross-border cooperation, as well as discussions on Title I (Resolution Plans) and Title II (Orderly Liquidation Authority).” No reason was given for the late-breaking announcement.

The meeting, to be held at the FDIC’s headquarters building at 550 17th, N.W., Washington, D.C., “will commence at 8:45 a.m., with opening remarks by FDIC Chairman Martin J. Gruenberg and is expected to adjourn at approximately 3:00 p.m.” In June 2011, the FDIC Board of Directors approved establishing the Systemic Risk Advisory Committee to advise the corporation on the effects on financial stability and economic conditions from a systemically important company’s failure.

A copy of the agenda is available here.


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