David S. Katz

Willkie Farr & Gallagher LLP

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Finance

Financial Stability Oversight Council Releases Final Rule Regarding Designation Of Nonbank Financial Companies

On April 3, 2012, the Financial Stability Oversight Council (“FSOC”) released a final rule (the “Release”) and interpretive guidance (the “Guidance,” and together with the Release, the “Final Rule”) implementing section 113 of the Dodd-Frank Act,...

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Regulatory & Compliance

Dodd-Frank Designation Of Nonbank Financial Companies – FSOC Releases Proposed Rule

On October 11, 2011, the Financial Stability Oversight Council (“FSOC”) released a second notice of proposed rulemaking (the “October NPR”) to develop regulations implementing Section 113 of the Dodd-Frank Act.1 Section 113 grants FSOC the authority to subject certain...

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Bankruptcy & Restructuring

FDIC Issues Final Rule On Orderly Liquidation Authority

On July 6, 2011, the FDIC issued a final rule (the "Final Rule") to implement certain provisions of its orderly liquidation authority to resolve covered financial companies (including nonbank financial companies) under Title II of the Dodd-Frank Act. The Final Rule is a culmination of...

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