WASHINGTON — The Federal Deposit Insurance Corp. unexpectedly delayed the release of an interim rule to create a resolution system for the largest, most-connected banks and nonbanks, saying it needed to consult with other regulators first.
The move underscored the difficulty of implementing the Dodd-Frank regulatory reform law, which requires regulators to act independently and in concert with other agencies. While the FDIC went forward Monday with a separate final rule to restrict securitizations, for example, the agency specifically included a provision that would make the statute automatically conform to any future joint regulatory action on the issue.
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