Final guidance: 2019 and subsequent resolution plan submissions

Title: Final guidance: 2019 and subsequent resolution plan submissions
Subject: Resolution plans
Agency: FDIC, Federal Reserve
Status: Final guidance
Summary: The Board and the FDIC are adopting this final guidance for the 2019 and subsequent resolution plan submissions by the eight largest, complex U.S. banking organizations. The final guidance is meant to assist these firms in developing their resolution plans, which are required to be submitted pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The final guidance, which is largely based on prior guidance issued to these covered companies, describes the agencies’ expectations regarding a number of key vulnerabilities in plans for an orderly resolution under the U.S. Bankruptcy Code (i.e., capital; liquidity; governance mechanisms; operational; legal entity rationalization and separability; and derivatives and trading activities). The final guidance also updates certain aspects of prior guidance based on the agencies’ review of these firms’ most recent resolution plan submissions. (The guidance will NOT publish in the CFR)
FR Doc: 2019-00800
Date proposed: June 29, 2018
Comments due date:
Final rule effective date:
Rule compliance date: February 4, 2019
Agency release:

Agencies seek comment on proposed 2019 resolution plan guidance (June 29, 2018)

Related Reg Report item(s):