WASHINGTON — The Federal Deposit Insurance Corp. will release a long-awaited document Tuesday detailing how it plans to use the "single point of entry" method to resolve failed behemoths.

The FDIC backed the strategy last year as part of its implementation of Dodd-Frank Act powers for unwinding giant firms. But the agency repeatedly said it would provide further details in a policy document about how "single point of entry" would work in practice.

The basic concept is to close the holding company of a failed firm, and transfer its healthy subsidiaries into a new bridge institution that could be managed while the resolution of the defunct company proceeds. Shareholders would be wiped out, while unsecured creditors could seek equity claims as a means to recapitalize the new institution. But despite numerous speeches by FDIC officials lauding the strategy, many in the financial community have been eager to see more specifics, including on the structure of the bridge firms and how the agency would utilize a Treasury Department liquidity fund to help manage a systemic resolution.

The FDIC board, which also plans to consider a joint regulation with other agencies implementing Dodd-Frank's ban on banks' proprietary trading, known as the Volcker Rule, is scheduled to meet at 10 a.m.

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