Rules and Regulations. Withdrawal of policies relating to the creation and maintenance of a Roster of Neutrals

Agency: Federal Deposit Insurance Corporation (FDIC)
Action: Withdrawal of policies relating to the creation and maintenance of a Roster of Neutrals
Citation: FR Doc. 02-31852

Summary

The Federal Deposit Insurance Corporation (FDIC or Corporation) herewith withdraws its prior Policies regarding the establishment and maintenance of the FDIC Roster of Neutrals. The FDIC has carefully considered the maintenance of the Roster and issues raised by the development of separate neutral qualifications. The FDIC has determined that alternative dispute resolution (ADR) organizations with ample neutral qualification standards exist within the federal government and private industry sufficient to meet the FDIC's current and future demands for ADR services. As such, the FDIC's maintenance of the FDIC Roster of Neutrals with separate qualifying criteria established by the FDIC duplicates ADR neutral rosters (with highly qualified ADR specialists) that are readily available within the private and federal sectors. Therefore, the FDIC by this Notice withdraws and rescinds all prior notices (59 FR 15205-01, March 31, 1994; 56 FR 50585-02, October 7, 1991; 59 FR 47876-01, September 19, 1994; 62 FR 48659-01, September 16, 1997; and 62 FR 63177-02, November 26, 1997) establishing the FDIC's criteria for neutral selection and the maintenance of the FDIC's Roster of Neutrals. EFFECTIVE DATE: December 18, 2002.