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Past Event
27 January 2011


  • J. Bradley Keck
    T +1 312 701 7240
  • Jeffrey P. Taft
    T +1 202 263 3293

The Impact of the Orderly Liquidation Authority (OLA) on Finance Transactions

Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act seeks to avoid future government bailouts of “too big to fail” financial institutions. Title II creates the Orderly Liquidation Authority (OLA), a liquidation framework for the resolution of certain nonbank financial companies by the FDIC, as receiver. While it is expected that OLA will be used in very limited circumstances with the US Bankruptcy Code remaining the primary mechanism for resolving nonbank financial companies, Title II has already presented issuers and investors in finance transactions (including structured finance transactions) with several novel issues.

Mayer Brown partners Brad Keck, Stuart Rozen and Jeffrey Taft will discuss the recent developments regarding OLA and their impact on finance transactions in our next 30-minute teleconference.

These issues will include:

  • The FDIC’s Interim Final Rule implementing certain provisions of OLA and request for comment on additional provisions
  • The FDIC advisory letter regarding the avoidable transfer provisions of OLA and its impact on secured finance transactions
  • The FDIC advisory letter regarding its repudiation powers under OLA and future rulemaking

Of Related Interest

Upcoming Action with Respect to the Orderly Liquidation Authority under the Dodd-Frank Act
Legal Update

Recent Teleconferences

SEC Launches New FCPA Inquiry of Banking Industry
Teleconference recording: 1/14/2011

Basel III in Context: A Transatlantic Perspective
Teleconference recording: 1/13/2011

Update on Insurance Solvency Modernization Regulatory Reform
Teleconference recording: 12/2/2010

Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.

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