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Orderly Liquidation Authority (Title II)

Title II of Dodd-Frank addresses the liquidation of large financial institutions. Title II provides that the FDIC may serve as receiver of nonviable financial institutions, whose failure pose a significant risk to the financial stability of the United State (a "covered financial company"). As the receiver of a covered financial company the FDIC is responsible for liquidating the covered financial company in accordance with the procedures outlined in Title II of Dodd-Frank.  

On July 5, 2011, the FDIC issued a final rule (the "Final Rule") to implement certain provisions of its orderly liquidation authority under Title II of Dodd-Frank. The Final Rule established a comprehensive framework for the orderly liquidation of covered financial companies by the FDIC. 

Regulatory Materials