FDIC de­lays vote on rule

Los Angeles Times - - Business -

U.S. bank­ing reg­u­la­tors put off propos­ing how the govern­ment would use its new author­ity to dis­man­tle large, col­laps­ing fi­nan­cial com­pa­nies, say­ing they need more time for in­dus­try and other reg­u­la­tors to weigh in.

The Fed­eral De­posit In­surance Corp. board had ten­ta­tively planned to vote Mon­day on is­su­ing an in­terim fi­nal rule that would have put in place some as­pects of how the agency would han­dle the wind­ing down of large fi­nan­cial firms once con­sid­ered “too big to fail.”

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