OCT 3, 2012
4:30 PM - 5:30 PM
FDIC acting chairman Martin Gruenberg will discuss the major components of the FDIC’s resolution strategy for systemically important financial institutions ("SIFIs"). The process is part of the agency's effort to develop the "orderly liquidation authority" it was granted by the Dodd-Frank Act, and to convince the financial industry that SIFIs neither have an unlimited public backstop, nor will they cause destabilizing disruptions when under financial strain. In addition, the FDIC has established the Office of Complex Financial Institutions to monitor risk and coordinate with foreign regulators to address the cross-border operations of SIFIs and the global nature of systemic risk. The information provided will have an impact on business owners, private investors, policymakers, financial planners, investment and retirement fund managers, and others. As a result, it will be important information for the lawyers who represent and advise them on securities law, corporate law, tax law, and banking law. It could also apply to government lawyers who advise policymakers, and to probate lawyers.
Martin J. Gruenberg
Federal Deposit Insurance Corporation (FDIC
Martin J. Gruenberg became Acting Chairman of the FDIC in July 2011. He has served on the FDIC Board of Directors since August 2005. Previously, he was Senior Counsel to Senator Paul S. Sarbanes (D-MD) on the staff of the Senate Committee on Banking, Housing, and Urban Affairs (1993-2005). Earlier, he was Staff Director of the Banking Committee's Subcommittee on International Finance and Monetary Policy (1987-1992). Mr. Gruenberg played an active role in major legislation, including the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA); the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA); the Gramm-Leach-Bliley Act; and the Sarbanes-Oxley Act of 2002. Since November 2, 2007 he has also been Chairman of the Executive Council and President of the International Association of Deposit Insurers (IADI). Mr. Gruenberg holds a J.D. from Case Western Reserve Law School and an A.B. from Princeton University, Woodrow Wilson School of Public and International Affairs.
Free and open to the public. Reception follows.
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