COOPERATION ARRANGEMENT CONCERNING THESeptember 20th, 2017
FiledSeptember 20th, 2017In view of the growing globalization of the world’s financial markets and the increase in cross-border operations and activities of financial service firms, including large complex insured depository institutions, the Federal Deposit Insurance Corporation (“FDIC”) of the United States of America (“United States” or “U.S.”) and the Single Resolution Board (“SRB”) have reached this Cooperation Arrangement (“CA”) on the exchange of information and cooperation in connection with the Resolution planning and the implementation of such planning with respect to Firms with cross-border operations. The FDIC and SRB express, through this CA, their willingness to cooperate with each other in the interest of fulfilling their respective statutory objectives; enhancing communication and cooperation; assisting each other in the planning and the conduct of an orderly Resolution of a Firm; and maintaining confidence and financial stability in the United States and the European Banking Union.
COOPERATION ARRANGEMENT CONCERNING THESeptember 20th, 2017
FiledSeptember 20th, 2017In view of the growing globalization of the world’s financial markets and the increase in cross-border operations and activities of financial service firms, including large complex insured depository institutions, the Federal Deposit Insurance Corporation (“FDIC”) of the United States of America (“United States” or “U.S.”) and the Single Resolution Board (“SRB”) have reached this Cooperation Arrangement (“CA”) on the exchange of information and cooperation in connection with the Resolution planning and the implementation of such planning with respect to Firms with cross-border operations. The FDIC and SRB express, through this CA, their willingness to cooperate with each other in the interest of fulfilling their respective statutory objectives; enhancing communication and cooperation; assisting each other in the planning and the conduct of an orderly Resolution of a Firm; and maintaining confidence and financial stability in the United States and the European Banking Union.
COOPERATION ARRANGEMENT CONCERNING THESeptember 20th, 2017
FiledSeptember 20th, 2017In view of the growing globalization of the world’s financial markets and the increase in cross-border operations and activities of financial service firms, including large complex insured depository institutions, the Federal Deposit Insurance Corporation (“FDIC”) of the United States of America (“United States” or “U.S.”) and the Single Resolution Board (“SRB”) have reached this Cooperation Arrangement (“CA”) on the exchange of information and cooperation in connection with the Resolution planning and the implementation of such planning with respect to Firms with cross-border operations. The FDIC and SRB express, through this CA, their willingness to cooperate with each other in the interest of fulfilling their respective statutory objectives; enhancing communication and cooperation; assisting each other in the planning and the conduct of an orderly Resolution of a Firm; and maintaining confidence and financial stability in the United States and the European Banking Union.