MLchartDataset catalogue

Financial Institutions Reform, Recovery, and Enforcement Act FIRREA

Term · Insurance and risk management · MLC-T-INS-001506

A United States federal law enacted in 1989 in response to the savings and loan crisis. FIRREA restructured the regulatory framework for financial institutions, abolished the Federal Savings and Loan Insurance Corporation (FSLIC), and created new agencies like the Office of Thrift Supervision (OTS) and the Resolution Trust Corporation (RTC). It significantly strengthened oversight and capital requirements for thrifts.

Table 1. Record
IdentifierMLC-T-INS-001506
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001506",
  "term": "Financial Institutions Reform, Recovery, and Enforcement Act FIRREA",
  "field": "Insurance and risk management",
  "definition": "A United States federal law enacted in 1989 in response to the savings and loan crisis. FIRREA restructured the regulatory framework for financial institutions, abolished the Federal Savings and Loan Insurance Corporation (FSLIC), and created new agencies like the Office of Thrift Supervision (OTS) and the Resolution Trust Corporation (RTC). It significantly strengthened oversight and capital requirements for thrifts.",
  "url": "https://mlchart.com/terminology/insurance/financial-institutions-reform-recovery-and-enforcement-act-firrea/"
}

Record 1,384 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.