ARTICLE
23 December 2019

FDIC And FRB Assess Resolution Plans Of The Eight Largest Domestic Banks

HL
Hogan Lovells Cadwalader

Contributor

Hogan Lovells Cadwalader is a global law firm trusted by clients to deliver on complex, high-stakes matters.

Operating at the intersection of business, finance, and government, we bring an unwavering commitment to client service and the decisive counsel that helps clients achieve exceptional results.

Consistently recognized for innovation across legal services, we combine sharp judgment with deep commercial perspective and intellectual rigor to address critical, cutting-edge challenges.

With 3,100 lawyers worldwide, we offer global scale with strong local insight in the markets that matter most. Our commitment extends beyond client work through pro bono activities, community investment, and responsible business practices.

The FDIC and the Federal Reserve Board ("FRB") assessed the resolution plans of the eight largest domestic banks.
United States Finance and Banking
Hogan Lovells Cadwalader are most popular:
  • within Intellectual Property, Food, Drugs, Healthcare, Life Sciences and Transport topic(s)

The FDIC and the Federal Reserve Board ("FRB") assessed the resolution plans of the eight largest domestic banks.

The FDIC and the FRB found that each bank made "significant progress in enhancing its resolvability and developing resolution-related capabilities." However, the FDIC and FRB concluded that plans from six of the banks had "shortcomings" regarding their ability to reliably provide the data necessary to execute their resolution strategies in stressed conditions. The FDIC and the FRB determined that none of the plans had any "deficiencies" that would necessitate additional prudential requirements.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

[View Source]

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More