On December 12, 2019, the Federal Deposit Insurance Corporation ("FDIC") proposed revisions to the restrictions on brokered deposits (the "Proposal"). The stated intent of the Proposal is to modernize the FDIC's framework for brokered deposits, and it would revise both the substantive regulations for brokered deposits and the procedures for requesting exceptions and filing reports. Comments on the Proposal are due by April 10, 2020, and many interest groups are already hard at work drafting thoughtful feedback. On March 4, Matt and his co-panelists explored the Proposal and its potential implications for the broader financial services sector through an ABA webinar.
For additional information please visit the event website.