In its continued effort to implement certain provisions of its authority to resolve "covered financial companies" under Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"), on March 20, 2012, the Board of Directors of the Federal Depository Insurance Corporation (the "FDIC") approved proposed rules relating to Enforcement of Subsidiary and Affiliate Contracts by the FDIC as Receiver of a Covered Financial Company (the "Proposed Rules"). For a detailed discussion of Title II, see the White & Case Client Alert titled Orderly Liquidation Authority, dated July 2010.
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