FDIC Systemic Resolution Advisory Committee; Notice of Charter Renewal
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Abstract
Pursuant to the provisions of the Federal Advisory Committee Act (FACA), and after consultation with the General Services Administration, the Chairman of the Federal Deposit Insurance Corporation has determined that renewal of the FDIC Systemic Resolution Advisory Committee (Committee) is in the public interest in connection with the performance of duties imposed upon the FDIC by law. The Committee has been a successful undertaking by the FDIC and has provided valuable feedback to the agency on a broad range of issues regarding the resolution of systemically important financial companies (covered companies) pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Committee will continue to provide advice and recommendations on the effects on financial stability and economic conditions of a covered company's failure and how they arise, the effects on markets and stakeholders of the activities of a covered company, market understanding of the structures and tools available to the FDIC to facilitate an orderly resolution of a covered company, the application of such tools to nonbank financial entities, international coordination of planning and preparation for the resolution of internationally active covered companies, and harmonization of resolution regimes across international boundaries. The structure and responsibilities of the Committee are unchanged from when it was originally established in November 2011. The Committee will continue to operate in accordance with the provisions of the Federal Advisory Committee Act.
Full Text
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<title>Federal Register, Volume 88 Issue 73 (Monday, April 17, 2023)</title>
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[Federal Register Volume 88, Number 73 (Monday, April 17, 2023)]
[Notices]
[Page 23422]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-07993]
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FEDERAL DEPOSIT INSURANCE CORPORATION
FDIC Systemic Resolution Advisory Committee; Notice of Charter
Renewal
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice of renewal.
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SUMMARY: Pursuant to the provisions of the Federal Advisory Committee
Act (FACA), and after consultation with the General Services
Administration, the Chairman of the Federal Deposit Insurance
Corporation has determined that renewal of the FDIC Systemic Resolution
Advisory Committee (Committee) is in the public interest in connection
with the performance of duties imposed upon the FDIC by law. The
Committee has been a successful undertaking by the FDIC and has
provided valuable feedback to the agency on a broad range of issues
regarding the resolution of systemically important financial companies
(covered companies) pursuant to the Dodd-Frank Wall Street Reform and
Consumer Protection Act. The Committee will continue to provide advice
and recommendations on the effects on financial stability and economic
conditions of a covered company's failure and how they arise, the
effects on markets and stakeholders of the activities of a covered
company, market understanding of the structures and tools available to
the FDIC to facilitate an orderly resolution of a covered company, the
application of such tools to nonbank financial entities, international
coordination of planning and preparation for the resolution of
internationally active covered companies, and harmonization of
resolution regimes across international boundaries. The structure and
responsibilities of the Committee are unchanged from when it was
originally established in November 2011. The Committee will continue to
operate in accordance with the provisions of the Federal Advisory
Committee Act.
FOR FURTHER INFORMATION CONTACT: Debra A. Decker, Committee Management
Officer of the FDIC, at (202) 898-8748.
Authority: 5 U.S.C. 1001 et seq.
Dated: April 11, 2023.
Federal Deposit Insurance Corporation.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023-07993 Filed 4-14-23; 8:45 am]
BILLING CODE 6714-01-P
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