United States:
FRB And FDIC Complete 2018 Evaluations Of Bank Resolution Plans
01 August 2019
Cadwalader, Wickersham & Taft LLP
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The Federal Reserve Board ("FRB") and the FDIC completed their evaluations of the 2018
resolution plans for 82 foreign banks. The agencies also extended
the 2019 resolution plan deadline for both the 82 foreign and 15
domestic banks.
The FRB and FDIC stated that the extensions will give the banks
additional time to draft plans in consideration of the resolution
plan rule changes proposed by the agencies in April 2019. The
filing deadline has been extended by the agencies until July 1,
2021.
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