On December 18, 2013, the Board of Directors of the Federal Deposit Insurance Corporation (“FDIC”) published a widely anticipated notice in the Federal Register setting forth the FDIC’s single point of entry strategy (“SPOE”) for resolutions under the Orderly Liquidation Authority contained in Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act and requesting comment. The FDIC has viewed SPOE as a preferred resolution strategy for over a year. The release provides greater detail regarding the strategy as well as issues that have been identified with respect to it.View full memo, FDIC Board Releases Single Point of Entry Resolution Strategy for Public Comment
