The Treasury Department recently released a report detailing recommendations for reforming the Federal Deposit Insurance Corp.’s Orderly Liquidation Authority (OLA).
The report was commissioned to determine ways to align OLA with President Donald Trump’s executive order outlining “Core Principles for Financial Regulation,” and whether the U.S. Bankruptcy Code should be reformed to enable better resolution of financial companies.
Find out what the Treasury is recommending and what House Financial Services Committee Chairman Jeb Hensarling (R-Texas) has said about the report.