The Board of Governors of the Federal Reserve System and the FDIC extended the annual resolution plan filing deadline for the four foreign banking organizations by one year.
News & Insights
The Board of Governors of the Federal Reserve and the FDIC extended the deadline to December 31, 2017 for 38 firms to submit their next resolution plans. The purpose of the extension is to allow additional time for the firms to incorporate feedback and guidance.
The Board of Governors of the Federal Reserve System and the FDIC provided feedback letters to 19 foreign-based banking organizations in order to clarify expectations concerning resolution plans.
The FDIC, the Board of Governors of the Federal Reserve System and the OCC issued guidance to clarify supervisory expectations for an effective funds transfer pricing framework.
The Federal Reserve Board, FDIC and the Office of the Comptroller of the Currency detailed an interim approach to rules and associated reporting requirements affected by the Economic Growth, Regulatory Relief, and Consumer Protection Act.