[Federal Register Volume 76, Number 86 (Wednesday, May 4, 2011)]
[Notices]
[Pages 25352-25353]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-10794]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Establishment of the FDIC Systemic Resolution Advisory Committee

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Notice.

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SUMMARY: The Chairman of the Federal Deposit Insurance Corporation 
(FDIC) is establishing the FDIC Systemic Resolution Advisory Committee 
(the ``SR Advisory Committee''). The SR Advisory Committee will provide 
advice and recommendations on a broad range of issues regarding the 
resolution of systemically important financial companies pursuant to 
Title II of the Dodd-Frank Wall Street Reform and Consumer Protection 
Act, Public Law 111-203 (July 21, 2010), 12 U.S.C. 5301 et seq. (the 
``Dodd-Frank Act''). The SR Advisory Committee is also intended to 
facilitate discussion on how the FDIC's systemic resolution authority, 
and its implementation, may impact regulated entities and other 
stakeholders potentially affected by the process. The SR Advisory 
Committee will serve solely in an advisory capacity and will have no 
final decision-making authority, nor will it have access to or discuss 
any non-public, confidential or institution-specific information. The 
Chairman certifies that the establishment of this advisory committee is 
in the public interest in connection with the performance of duties 
imposed on the FDIC by law.

[[Page 25353]]


FOR FURTHER INFORMATION CONTACT: Robert E. Feldman, Executive 
Secretary, FDIC, 550 17th Street, NW., Washington, DC 20429; telephone 
(202) 898-7043. SR Advisory Committee members will not receive any 
compensation for their services other than reimbursement for reasonable 
travel expenses incurred to attend SR Advisory Committee meetings.

SUPPLEMENTARY INFORMATION: In accordance with the requirements of the 
Federal Advisory Committee Act (``FACA''), 5 U.S.C. App. 2, notice is 
hereby given that the Chairman of the FDIC intends to establish the 
FDIC SR Advisory Committee. After consultation with the General 
Services Administration as required by section 9(a)(2) of FACA and 41 
CFR 102-3.65, the Chairman of the FDIC certifies that she has 
determined that the establishment of the SR Advisory Committee is in 
the public interest in connection with the performance of duties 
imposed on the FDIC by law. The SR Advisory Committee will provide 
advice and recommendations on a broad range of issues regarding the 
resolution of systemically important financial companies pursuant to 
the Dodd-Frank Act. The SR Advisory Committee also is intended to 
facilitate discussion on how the systemic resolution authority, and its 
implementation, may impact regulated entities and other stakeholders 
potentially affected by the process. The SR Advisory Committee will 
function solely as an advisory body, and in compliance with the 
provisions of FACA. To ensure relevant expertise on the SR Advisory 
Committee, members of the SR Advisory Committee should include 
financial market participants and professionals with relevant 
experience managing large, complex firms, investors, bankruptcy 
professionals, representatives from the audit, accounting, credit 
rating, and legal professions, as well as academic and other relevant 
experts.

    Dated at Washington, DC, this 28th day of April 2011.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary, Federal Deposit Insurance Corporation.
[FR Doc. 2011-10794 Filed 5-3-11; 8:45 am]
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