October 24, 2022

Deadline Set for Comments on a Proposal to Strengthen Large Bank Resolution Standards

Comments on a joint Federal Reserve Board and FDIC Advance Notice of Proposed Rulemaking ("ANPR") soliciting feedback on whether the agencies should strengthen large bank resolution standards are due by December 23, 2022. The Notice was published in the Federal Register.

As previously covered, the agencies issued the ANPR in order to determine whether implementing new regulations to strengthen large bank resolvability would be beneficial and appropriate. The proposed rulemaking would distinguish between the standards applied to global systemically important banks ("GSIBs") and other large banks, and the agencies requested input on how, if at all, elements of GSIB standards could apply to other large banks.