John L. Douglas, partner, Davis Polk & Wardwell LLP; Robert H. Ledig, partner, Dechert LLP; Michael H. Krimminger, gen counsel, Federal Deposit Insurance Corporation
This program, which is part of a series, will address the following topics: Factors that may trigger the orderly liquidation authority and the appointment of FDIC as receiver of a non-bank; the FDIC’s liquidation authority and how it may contrast with the bankruptcy process; how will the FDIC tailor its receivership processes to meet the challenges of non-bank financial companies?; the receivership claims process for shareholders, creditors and counterparties; the ABC’s of a non-bank receivership – how they will impact the capital markets, bank investors and future bank creditors; and the impact on securitizations and the asset-back market.