Senior U.S. and European officials will conduct a second round of discussions on cross-border resolution planning.
News & Insights
The OCC, the Federal Reserve Board and the FDIC proposed long-term debt requirements for large banking entities, holding companies, foreign banking organizations and large insured depository institutions to facilitate resolvability in the event of failure and to reduce the risk of contagion within the financial system.
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.
The OCC, the Federal Reserve Board and the FDIC extended the comment deadline on a proposed rule on long-term debt requirements. The comment period was extended to January 16, 2024.
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.