Federal Reserve and FDIC extend deadline for U.S. GSIB resolution plan feedback
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
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
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