| Title: | Final guidance: 2019 and subsequent resolution plan submissions |
| Subject: | Resolution plans |
| Agency: | FDIC, Federal Reserve |
| Status: | Final guidance |
| Summary: | The Board and the FDIC are adopting this final guidance for the 2019 and subsequent resolution plan submissions by the eight largest, complex U.S. banking organizations. The final guidance is meant to assist these firms in developing their resolution plans, which are required to be submitted pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The final guidance, which is largely based on prior guidance issued to these covered companies, describes the agencies’ expectations regarding a number of key vulnerabilities in plans for an orderly resolution under the U.S. Bankruptcy Code (i.e., capital; liquidity; governance mechanisms; operational; legal entity rationalization and separability; and derivatives and trading activities). The final guidance also updates certain aspects of prior guidance based on the agencies’ review of these firms’ most recent resolution plan submissions. (The guidance will NOT publish in the CFR) |
| FR Doc: | 2019-00800 |
| Date proposed: | June 29, 2018 |
| Comments due date: | |
| Final rule effective date: | |
| Rule compliance date: | February 4, 2019 |
| Agency release: |
Agencies seek comment on proposed 2019 resolution plan guidance (June 29, 2018) |
| Related Reg Report item(s): |
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