SIFMA today issued the following statement from Kenneth E Bentsen, Jr, EVP, Public Policy and Advocacy at SIFMA, on remarks made by Martin Gruenberg, acting chairman of the Federal Deposit Insurance Corp (FDIC), to the Federal Reserve Bank of Chicago Bank Structure Conference regarding the orderly resolution of systemically important financial institutions (SIFIs).
SIFMA is encouraged that Acting Chairman Gruenberg has referenced the use of a bridge holding company as the most promising resolution strategy for SIFIs, which SIFMA believes is the best course forward for establishing an OLA that preserves going-concern value, avoids unnecessary value destruction and promotes financial stability. SIFMA remains committed to working productively with the FDIC on this issue and looks forward to reviewing this matter in more detail with its members.
Press release
© SIFMA - Securities Industry and Financial Markets Association
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article