SIFMA statement regarding the orderly resolution of systemically important financial institutions

10 May 2012

SIFMA continues to believe that the establishment of an orderly resolution authority (OLA) is critically important for managing systemic risk and restoring faith and confidence in our financial system.

SIFMA today issued the following statement from Kenneth E Bentsen, Jr, EVP, Public Policy and Advocacy at SIFMA, on remarks made by Martin Gruenberg, acting chairman of the Federal Deposit Insurance Corp (FDIC), to the Federal Reserve Bank of Chicago Bank Structure Conference regarding the orderly resolution of systemically important financial institutions (SIFIs).   

SIFMA is  encouraged that Acting Chairman Gruenberg has referenced the use of a bridge holding company as the most promising resolution strategy for SIFIs, which SIFMA believes is the best course forward for establishing an OLA that preserves going-concern value, avoids unnecessary value destruction and promotes financial stability. SIFMA remains committed to working productively with the FDIC on this issue and looks forward to reviewing this matter in more detail with its members.

Press release

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