Amends the Federal Deposit Insurance Act to allow exceptions to the least-cost resolution requirement.
Amends the Federal Deposit Insurance Act to allow exceptions to the least-cost resolution requirement. The Federal Deposit Insurance Corporation may select an alternative method of exercising authority that is not the least costly to the Deposit Insurance Fund if certain conditions are met. Requires the Corporation to establish criteria for determining the maximum allowable cost against the net worth of the Deposit Insurance Fund.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.