FDIC announces Open Door policy, regulatory reform EASAlle

Press Releases
FDIC announces Open Door policy, regulatory reform EASAlle

AS SOON AS THE PUBLICATION OF THE
12 August 2010

The Federal Deposit Insurance Corporation today announced the open door policy that makes it easy for your audience can give input to and track EASAlle process because the Agency shall, in accordance with the Dodd-Frank Wall Street reform and Consumer Protection Act.

The practice is doing well that required administrative procedure document that manages federal rulemakings. In accordance with the new policy role in the process of the public is greater than ever before, in particular the opportunity to participate in the regulatory reform already before the rules have been developed and proposed. What is more, the public presentation of the FDIC senior officials and private sector meetings between persons will increase transparency and accountability. This voluntary disclosure policy for meetings, how the FDIC should interpret or implement the Dodd-Frank Act provisions which are not independent or joint EASAlle FDIC.

FDIC Chairman Sheila c. Bair said, "now that Congress has acted and the President signed the Bill of law, is it possible to carry out a rapid regulators at the ballpark and transparently as possible new reforms. I believe that transparency is a major problem at each step along the way.We owe it to the public is the door open-policy, users will see yourself how financial services reform is intended to be implemented. "

The new policy to extend the scope of the letter of formal notice and comment EASAlle process typically consists of the measures taken in the first place, the FDIC will host a Conference. third parties on the implementation of a series of discussions with.These designed to provide a balanced input EASAlle during and is available publicly through the webcast.In addition, any interested party may request a meeting FDIC officials or other servants, by submitting the form, which shall be adopted in accordance with the FDIC page.

The new process are other disclosure. on the basis of the two weeks of the FDIC exempt, names and affiliations of the private sector for users who fill out the senior officials to discuss the FDIC an independent or joint implementation of the new legislation through rulemakings. FDIC also release target these meetings.As always FDIC will webcast all open meetings of the Executive Board, including maqui berry burn those relating to regulatory reform.

To seek input from the public, as far as possible, be sent by email shall be open to the public's views on how the FDIC should be implemented in the new law.These comments will become part of the record and will be posted on the website of the FDIC. notifications to the public may also host major developments in the FDIC is a subscription service. also created a Bill summaries and added to the newsletter, which is updated regularly to reflect the political decisions taken during the execution of all is dedicated to this economic reform Web page at http://www.fdic.gov/financialreform/

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Congress created the Federal Deposit Insurance Corporation to restore the public's confidence in the nation of the banking system of the 1933. deposits FDIC takaatte successful nation 7,932 banks and savings associations and it contributes to the stability and security by identifying, monitoring and deal with risks for which they are exposed to the FDIC may not. federal tax dollars – the insured financial institutions to finance their activities.

FDIC press releases and other information is electronically available on the Internet at www.fdic.gov order (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained from the FDIC's Public Information Center (877-275-3342 or 703-562-2200).PR-187-2010