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.
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