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Agencies Provide Feedback on Foreign Bank Resolution Plans

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 plans must be submitted by December 31, 2018. Resolution plans for foreign banking organizations focus on the bank's U.S. operations.

Primary Sources

  1. FRB and FDIC Joint Press Release: Agencies Complete Assessment of Resolution Plans of 19 Foreign-Based Banks (January 29, 2018)

Tags

Regulated Activities
Liquidation
Sub-Activity
Resolution Plans
Regulated Entities
Banking Entities Banking Organizations
Body of Law
Banking Law
Jurisdiction
US - Federal
Organization
US Banking Regulators
Sub-Author
FDIC, Federal Reserve Board