https://www.taxtmi.com/news?id=19297 The FRDI Bill creates a Resolution Corporation to centralise resolution powers and integrate deposit insurance, introduces a five-stage health classification and recovery and resolution planning to detect and address incipient insolvency, and provides a menu of resolution tools including transfer of assets and liabilities, acquisition, merger, bridge service provider and bail-in. Insured deposits remain protected, uninsured depositors receive elevated priority in liquidation, bail-in is subject to safeguards (insured deposits excluded, government/parliamentary oversight, depositor consent for cancelling liabilities, and compensation rights if value falls below liquidation), and government support to banks is not restricted. en-us Tue, 02 Jan 2018 17:51:13 +0530 Tue, 02 Jan 2018 17:51:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19297 The FRDI Bill creates a Resolution Corporation to centralise resolution powers and integrate deposit insurance, introduces a five-stage health classification and recovery and resolution planning to detect and address incipient insolvency, and provides a menu of resolution tools including transfer of assets and liabilities, acquisition, merger, bridge service provider and bail-in. Insured deposits remain protected, uninsured depositors receive elevated priority in liquidation, bail-in is subject to safeguards (insured deposits excluded, government/parliamentary oversight, depositor consent for cancelling liabilities, and compensation rights if value falls below liquidation), and government support to banks is not restricted. News - Tue, 02 Jan 2018 17:51:13 +0530 https://www.taxtmi.com/news?id=19297