FDIC Finalizes Supervisory Regime For Industrial Banks And Their Controlling Shareholders
By EsqSocial Corporation 29/12/20
On December 15, 2020, the Federal Deposit Insurance Corporation (“FDIC”) issued a final rule (“Final Rule”) setting forth standards to apply to controlling shareholders of industrial banks that are not subject to consolidated supervision by the Board of Governors of the Federal Reserve System (“Federal Reserve”). The Final Rule is substantially similar to the FDIC’s proposal announced March 17, 2020 (“Proposed Rule”), and will take effect on April 1, 2021......
By: Morrison & Foerster LLP