Description
Gain insight into the unique receivership and related powers enjoyed by the FDIC.Depositors, borrowers, businesses and banks all need to be aware of the complex rules of the FDIC for determining deposit insurance coverage as well as the powers that the FDIC asserts when it takes control of a failed financial institution. Directors and officers of failed financial institutions also need to be very aware of potential enforcement actions by the FDIC or other federal bank regulatory agencies. The FDIC has established a high level of professionalism associated with and handling failed insured depository institutions, but there are clear differences in the powers available to the FDIC in the event of a bank failure as compared to a bankruptcy trustee in the event of a corporate failure. This program will explain the unique receivership and related powers enjoyed by the FDIC, and will also comment on the receivership process in the fintech sector and the issues that may be presented depending on the charter being used.
Date: 2020-01-30 Start Time: End Time:
Learning Objectives