FACA Committee Purpose & Justification The information in this plan was imported from the Federal Advisory Committee Act (FACA) database and transformed into StratML Part 1, Strategic Plan, format. Fiscal Year:2011 Committee Type: National Policy Issue Advisory Board FDIC Systemic Resolution Advisory Committee FDIC 0a1e033b-5563-44c7-aaa8-abced7fe8f88 [ Location : (http://stratml.fido.gov/dick/FDICFACA76855.xml) ] [ Federated Name : (urn:www.fdic.gov:agency:107:committee:76855:) ] [ Agency Name : (Federal Deposit Insurance Corporation) ] [ Agency Acronym : (FDIC) ] [ Agency Domain : (www.fdic.gov) ] [ Agency Web Site : (http://www.fdic.gov ) ] [ Committee Name : (FDIC Systemic Resolution Advisory Committee) ] [ Committee Type : (National Policy Issue Advisory Board) ] [ Committee Web Site : (http://www.fdic.gov/about/srac/) ] [ Goal? : (yes) ] [ Vision? : (yes) ] [ Mission? : (yes) ] Federal Deposit Insurance Corporation http://www.fdic.gov http://www.fdic.gov/about/srac/ Members will effectively represent the varied and diverse interests affected by the issues to be considered. Given the complexities associated with the structure of covered companies, the FDIC will seek to ensure that representatives of industries and sectors most likely to be impacted by, or play a role in, the resolution of covered companies participate in the committee’s activities. Toward that end, members of the committee may 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. The advisory committee will provide advice and recommendations on a broad range of issues regarding the resolution of systemically important financial companies (“covered companies”) pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Issues to be considered by the committee include the effects on financial stability and economic conditions resulting from a covered company’s failure, the effects on markets and stakeholders of a covered company, market understanding of the structures and tools available to the FDIC to facilitate an orderly resolution of a covered company, the application of such tools to nonbank financial entities, international coordination of planning and preparation for the resolution of internationally active covered companies, and harmonization of resolution regimes across international boundaries. The Committee, as appropriate, will offer advice and recommendations after it reviews the various issues under consideration. 78d4c946-cfc5-4b4f-b238-3d1061ea24f8 The advisory committee supports the FDIC through its advice and recommendations on a broad range of issues regarding the resolution of systemically important financial companies pursuant to the Dodd-Frank Act. The 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 resolution process. The FDIC is undertaking planning and regulatory steps to facilitate the effective resolution of covered financial companies under the Dodd-Frank Act, should that ever be necessary. In undertaking these efforts, it is particularly important that the FDIC understands the interests and concerns of, and receives input from, a wide spectrum of market participants, professionals, and other stakeholders about the interaction of these planning and regulatory efforts with the financial market and financial companies. e03f8581-f210-404a-9dfb-f65a80c555e3 The advisory committee will be utilized to gather information and promote discussion on the FDIC's resolution policy development and a variety of current and emerging issues that could affect the resolution of covered companies. This information will help the FDIC to identify and prioritize issues of concern and develop effective strategies and policies in implementing its systemic resolution authority. e3102b97-0297-4551-bb9c-b9919bee5c3b 43e72a74-837d-4f4e-adc4-ee1d15ceea64 42e274b8-285d-4f13-b684-423a77380273 2010-10-01 2011-09-30 2013-07-09 http://explore.data.gov/resource/datasets/c5i3-bb9j Gannon (J.) Dick gannon_dick@yahoo.com