Federal Reserve and FDIC extend deadline for U.S. GSIB resolution plan feedback
EDT
The Federal Reserve Board and the Federal Deposit Insurance
Corporation today announced that they have extended the period for
issuing feedback for the U. S. global systemically important banks'
2021 resolution plans to allow the agencies additional time to analyze
them.
Resolution plans, required by the Dodd-Frank Act,
must describe the company's strategy for rapid and orderly resolution
in bankruptcy in the event of material financial distress or failure
of the company. Last Update: July 01, 2022
Disclaimer: RegRadar is not endorsed nor affiliated with the source authority. This material does not constitute any advice. This material is machine translated and does not constitute an official translation by the source authority. Please note that the information can be obtained free of charge through the source website.