What are some of the essential features of the FDICIA of 1991 with regard to the resolution
Question:
What are some of the essential features of the FDICIA of 1991 with regard to the resolution of failing Dis?
a. What is the least-cost resolution (LCR) strategy?
b. When can the systemic risk exemption be used as an exception to the LCR policy of DI closure methods?
c. What procedural steps must be taken to gain approval for using the sys- temic risk exemption?
d. What are the implications to the other DIs in the economy of the implemen- tation of this exemption?
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Related Book For 
Financial Institutions Management A Risk Management Approach
ISBN: 9780073530758
7th Edition
Authors: Anthony Saunders, Marcia Cornett
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