The group that advises the federal bank deposit insurer on policy issues regarding the resolution of systemically important financial companies is slated to meet publicly Oct. 15, according to a notice in Thursday’s Federal Register.
The meeting of the Federal Deposit Insurance Corp. (FDIC) Systemic Resolution Advisory Committee (SRAC) is slated to run from 9 a.m.-4 p.m. in the FDIC cafeteria on the seventh floor of the FDIC building at 550 17th Street NW, Washington, D.C. Members of the public may attend in person or may view the meeting via webcast. Those attending in person will be admitted on a first-come, first-served basis, “limited only by the space available,” the notice says.
According to its charter, the SRAC reports to the FDIC chairman. The panel has no formal decision-making role, does not have access to supervisory or other confidential information, and does not have access to any non-public information about specific companies, it states.
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