Law360 (January 6, 2020, 5:20 PM EST) -- On Dec. 12, the Federal Deposit Insurance Corp. issued a notice of proposed rulemaking to revise the regulatory framework used to determine whether deposits qualify as brokered deposits.[1] The proposed rule follows an advance notice of proposed rulemaking issued by the FDIC in December of 2018.[2]
Although the proposed rule does not call for dramatic changes to the core components of the brokered deposit regulatory framework, it does attempt to clarify the status of certain funding arrangements that may not be addressed clearly by current FDIC interpretative guidance. The proposed rule also seeks to establish new administrative processes, including an application...
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January 07, 2020 at 05:20AM
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FDIC Proposal Offers Welcome Clarity On Brokered Deposits - Law360
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