Resolution Plans Required

Title:
Resolution Plans Required
Subject: Resolution plans
Agency: FDIC, Federal Reserve
Status: Final rule
Summary:
The Board and the Corporation (together, the agencies) are jointly adopting this final rule implementing the resolution planning requirements of section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act). This final rule is intended to reflect improvements identified since the agencies finalized their joint resolution plan rule in November 2011 (2011 rule) and to address amendments to the Dodd-Frank Act made by the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). Through this final rule, the Board is also establishing risk-based categories for determining the application of the resolution planning requirement to certain U.S. and foreign banking organizations, consistent with section 401 of EGRRCPA. The final rule also extends the default resolution plan filing cycle, allows for more focused resolution plan submissions, and improves certain aspects of the resolution planning rule.
FR Doc:
Date proposed: April 16, 2019
Comments due date:

June 21, 2019

Final rule effective date: Dec. 31, 2019
Rule compliance date:
Agency release:

Related Reg Report item(s): Fed adopts three rules – with split votes on prudential standards, resolution plan requirements for large banks

Fed, FDIC invite comments until June 21 on big banks’ resolution plan rules

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