FDICIA

Cutting the Gordian knot requires a clearly spelled out resolution mechanism for complex financial institutions, such as FDICIA imposes for the resolution of failed banks.

The Economist: Correspondent's diary 2010

Based on our research, the FDIC and its chair were ill-prepared to implement the so-called "systemic risk" provision of the Federal Deposit Insurance Corp. Improvement Act FDICIA of 1991.

Sheila Bair's Legacy: Bailouts, Secrecy And Power Grabs 2011

Based on our research, the FDIC and its chair were ill-prepared to implement the so-called "systemic risk" provision of the Federal Deposit Insurance Corp. Improvement Act FDICIA of 1991.

Sheila Bair's Legacy: Bailouts, Secrecy And Power Grabs 2011

In 1991 the Congress moved to limit taxpayer exposure to losses at failed banks with the passage of FDICIA.

Edward Harrison: The Trojan Horse In The Financial Reform Bill 2009

The PCA provisions of FDICIA create a structured system of supervisory responses to declines in bank capital, culminating in the bank being forced into receivership within 90 days after its tangible equity capital dropped below two percent of total assets. (pp. 11-12)

Edward Harrison: The Trojan Horse In The Financial Reform Bill 2009

Early resolution of bank problems under the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) appeared to have worked with smaller banks during periods of general prosperity.

Addressing Systemic Risk 2009

But in 1991, Congress passed the Federal Deposit Insurance Corporation Improvement Act (FDICIA) that limited the FDIC's ability to provide assistance to struggling but still solvent banks.

The Paulson Sale 2008

Whether or not the Paulson plan passes, President Bush should sign the FDICIA waiver.

The Paulson Sale 2008

Moreover, FDICIA requires that losses to the FDIC insurance fund from a too-big-to-fail rescue effort must be expeditiously recovered from a special assessment on the banks that contribute to the FDIC insurance fund.

Brave New Fed 2008

To get that done, the FDIC had to get approval from the Treasury, the President and the Federal Reserve under the 1991 FDICIA statute.

Pre-emptive Plumbing 2008