FDIC Begins Roundtable Discussions for Dodd-Frank Implementation

As part of the implementation of the Dodd Frank Wall Street Reform and Consumer Protection Act, the Federal Deposit Insurance Corporation announced a series of roundtable discussions with external parties. The first discussion will take place on Tuesday, August 31, 2010, and focus on the new resolution authority provided in Dodd-Frank for the largest financial firms.

Government officials, industry executives, academics, and investors will discuss the framework of the resolution process, the treatment of creditors and the creation of living wills.

”The roundtables are part of the FDIC’s overall effort to bring transparency into the process,” said the FDIC in a statement.  “Earlier in the month, the FDIC announced that it was seeking input from the widest audience possible by encouraging the public to submit views via email on how the FDIC should implement the new law.”

Participation is by invitation only, however, the FDIC will Web cast each roundtable. Interested parties may view the discussion by clicking here.  An archive will be made available approximately two to three days following the live Web cast.

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