What governance structure is addressed by Part 380?

Part 380 of the regulation specifically addresses the governance structure related to the Orderly Liquidation Authority. This part establishes procedural and operational guidelines for taking control of certain financial institutions in distress to ensure an orderly resolution and minimize the impact on the financial system. The emphasis is on providing a framework that supports the management of failing organizations while protecting the insured depositors and the broader financial sector.

The Orderly Liquidation Authority is designed to be triggered in situations where a financial institution is failing or likely to fail, ensuring that it can be resolved effectively without causing a broader systemic crisis. It outlines the roles and responsibilities of the Federal Deposit Insurance Corporation (FDIC) during the liquidation process, ensuring clarity and effectiveness in governance during these critical situations.

In contrast, the other options relate to different aspects of financial regulation and governance, such as resolution plans, the transfer of certain regulations from the Office of Thrift Supervision, and interbank liabilities. These areas do not specifically focus on the governance aspects that Part 380 outlines concerning the orderly liquidation process.