On January 29, 2018, the U.S. Board of Governors of the Federal Reserve System and FDIC announced that they have provided feedback to 19 non-U.S.-based financial institutions on their 2015 resolution plans, and the Federal Reserve Board provided links to the feedback letters that were issued to each of these 19 financial institutions. The agencies noted in the announcement that given the limited complexity of these financial institutions' U.S. operations, the agencies will further tailor their expectations for the upcoming resolution plan submissions by these institutions, which are due no later than December 31, 2018.
The Federal Reserve Board press release and feedback letters for each of the banks are available at: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20180129a.htm.
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