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Fed, FDIC announce results of banks’ resolution plans
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Banking, Dodd-Frank Basics, Government Oversight
Tuesday, December 13, 2022
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The Federal Reserve and Federal Deposit Insurance Corp. announced the results of their joint review of the resolution plans submitted by the eight largest and most complex domestic banking organizations in 2021. The resolution plans required the financial institutions to provide details of their strategies for the rapid and orderly resolution of a bankruptcy in the event of their material financial distress or failure.
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