OLA: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Added link within text to Securities and Exchange Commission)
imported>Doug Williamson
(Mend link.)
 
(5 intermediate revisions by the same user not shown)
Line 1: Line 1:
''US.''
''US - bank supervision''


Orderly Liquidation Authority, Title II of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010.
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 Federal Deposit Insurance Corporation ([[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.  
It created a new federal receivership process whereby the Federal Deposit Insurance Corporation ([[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:
'Financial companies' for this purpose include:
* bank holding companies
* Bank holding companies;
* non-bank financial companies supervised by the [[Board of Governors of the Federal Reserve System]], including non-bank financial companies that the [[Financial Stability Oversight Council]] has determined must be supervised by the Board of Governors
* Non-bank financial companies supervised by the [[Board of Governors of the Federal Reserve System]], including non-bank 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
* Subsidiaries of entities in the two previous categories - other than subsidiaries that are insured depository institutions or insurance companies; and
* brokers and dealers registered with the [[Securities and Exchange Commission]] and that are members of the [[SIPC]].
* Brokers and dealers registered with the [[Securities and Exchange Commission]] and that are members of the [[SIPC]].




Line 15: Line 17:
* [[Dodd-Frank]]
* [[Dodd-Frank]]
* [[Resolution]]
* [[Resolution]]
* [[Resolution Authority]]
* [[Securities Investor Protection Corporation]]  (SIPC)
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Latest revision as of 06:27, 27 June 2022

US - bank supervision

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 Federal Deposit Insurance Corporation (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:


See also