Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (08/24/2012)
  • WASHINGTON (8/27/12)--The Federal Deposit Insurance Corp. (FDIC) will partner with Securities Investor Protection Corp. (SIPC)--a non-government agency--in winding down systematically important firms in the wake of the financial crisis. FDIC and the Securities and Exchange Commission are working on a proposal under which SIPC will serve as a trustee for liquidating broker-dealer subsidiaries of firms in receivership. SIPC has expertise in transferring a large number of customer brokerage accounts from giant failing financial firms to new acquirers. But SIPC must also work closely with FDIC to prevent large failures from damaging the economy, said Anita Ryan, general counsel for eSecLending, a securities financing company …


RSS print
News Now LiveWire
@AdamMertzCUNA @CUNACraig @AnnHPeterson @CUEscan @cumagazine
6 hours ago
.@TheNCUA :Low-income CUs can expand services to members, train staff,collaborate for efficiencies w/more than $1M in grants awarded 2day
15 hours ago
.@CUNA joins 11 other financial service orgs urging @SenateFloor to take up #CISA to strengthen cybersecurity information sharing
16 hours ago
.@RedwoodCU and its staff donated a combined $5,100 toward AIDS Walk San Francisco. The CU is a longtime sponsor of the event.
17 hours ago
See the latest from @CUNA's CompBlog on Customer Due Diligence. http://t.co/rzOzDUpNMT
17 hours ago