Agencies Provide Model Template for Submission of Tailored Resolution Plans

The Board of Governors of the Federal Reserve System ("Federal Reserve") and the Federal Deposit Insurance Corporation ("FDIC") released a model template for tailored resolution plans. Dodd-Frank requires that bank-holding companies with total consolidated assets of $50 billion or more and nonbank financial companies designated for enhanced prudential supervision by the Federal Stability Oversight Council submit resolution plans to the Federal Reserve and the FDIC. Firms are not required to use the model form.

See: Model Template; Federal Reserve and FDIC Press Release.