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November 1, 2012

Bankruptcy Looms Large in New FDIC Takeovers

 

While supporters of the Dodd-Frank Act are hopeful a new resolution regime for financial giants will prove better than the traditional bankruptcy process, regulators are under pressure to prove it will at least be no worse.

The Federal Deposit Insurance Corp. is planning how the agency, as required by the financial reform bill, will ensure creditors receive at least as much in a resolution as they would otherwise in a Chapter 7 bankruptcy.”

Read Joe Adler’s full article in American Banker here (subscription required)

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