The Federal Reserve and the Federal Deposit Insurance Corp. (FDIC) recently completed their 2018 resolution plan evaluations for several systemically-important foreign and domestic banks and extended the next deadline for those firms to submit their strategies for rapid, orderly liquidation in the event of a failure.
The extensions are intended to afford the banks additional preparation time to account for pending amendments to resolution planning rules, affecting domestic banks and foreign banks with U.S. operations with more than $100 billion in total consolidated assets.
Find out more details about the plan assessments and deadline extensions.