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Citigroup cited as lone large, complex bank with ‘shortcoming’ in its 2021 living will

November 23, 2022 0

A “shortcoming” was identified in the resolution plan (or “living will”) for Citigroup, Inc. – related to data the firm manages — based on results of a review of the 2021 wills, according to statements released Wednesday by two federal [...]
Regulators indicate more stringent review in future of large bank resolution plans

November 23, 2022 0

Two regulators gave clues of how they will consider future resolution plans (or “living wills”) submitted for review by large, complex banking organizations – including taking a more “granular” view and focusing on “resolvability” — in the wake of the [...]