OLA

US

Orderly Liquidation Authority, Title II of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010.

It created a new federal receivership process whereby the FDIC may serve as receiver for large, interconnected financial companies, including broker-dealers, whose failure poses a significant risk to the financial stability of the United States. "Financial companies" for this purpose include

• bank holding companies
• nonbank financial companies supervised by the Board of Governors of the Federal Reserve System , including nonbank financial companies that the Financial Stability Oversight Council has determined must be supervised by the Board of Governors
• subsidiaries of entities in the two previous categories - other than subsidiaries that are insured depository institutions or insurance companies
• brokers and dealers registered with the SEC and that are members of the SIPC.