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An in-depth look at the Fed’s emergency lending rule
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Corporate Governance, Financial Stability
Tuesday, December 15, 2015
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More than two years after the Federal Reserve took comments on a proposed rule to amend its emergency lending practices, the Fed finalized the policies and procedures for its emergency lending practices. The final rule adopts all of the Dodd-Frank-mandated limitations and revisions, as well as revisions made pursuant to the comments the Fed received. Read on for the full details of the rule, and learn whether the Fed can extend credit to institutions as it did to Bear Stearns and AIG in 2007-08.
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