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.

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 SEC and the FDIC finalized a rule governing the orderly liquidation of "covered broker-dealers."

The FDIC and the SEC proposed a rule to govern the orderly liquidation of "covered brokers-dealers," or large broker-dealers that are subject to liquidation under the Dodd-Frank Act and not dissolution under the Securities Investor Protection Act.

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.