Resolution Plans Required

Title:
Resolution Plans Required
Subject: Resolution plans
Agency: FDIC, Federal Reserve
Status: Proposed rule
Summary:
The Board and the Corporation (together, the agencies) are inviting comment on a proposal to amend and restate the jointly issued regulation (the Rule) implementing the resolution planning requirements of section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5365(d)) (the Dodd-Frank Act). The proposal is intended to reflect improvements identified since the Rule was finalized in November 2011 and to address amendments to the Dodd-Frank Act made by the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). The proposed amendments to the Rule include (a) a proposal by the Board to establish 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, and (b) a proposal by the agencies to extend the default resolution plan filing cycle, allow for more focused resolution plan submissions, and improve certain aspects of the Rule.
FR Doc:
Date proposed: April 16, 2019
Comments due date:

June 21, 2019

Final rule effective date:
Rule compliance date:
Agency release:

Related Reg Report item(s):

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

Be the first to comment

Leave a Reply

Your email address will not be published.