Genesis of the Orderly Liquidation Authority and How it Modifies FDIC’s Current Role in Liquidation Process

• By: Staff Editor
• Date: July 12, 2012

The Orderly Liquidation Authority (OLA) was created under Title II of the Dodd-Frank Act that was enacted in June, 2010. The OLA’s purpose is to prevent those large institutions that are categorized as Systemically Important Financial Institutions (SIFI) from failing.

This article discusses how the OLA came to be and how it modifies the FDIC's current role in the liquidation process.