Agencies permit reduced content resolution plan submissions for firms with limited U.S. operations

[kreslik.news]

Board of Governors of the Federal Reserve System

Federal Deposit Insurance Corporation

For release at 2:00 p.m. EDT
June 10, 2016
Agencies Permit Reduced Content Resolution Plan Submissions for Firms with Limited U.S. Operations
The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Friday permitted 84 firms with limited U.S. operations to file reduced content resolution plans for their next three resolution plans. The decision is intended to increase clarity and reduce burden by creating more certainty around future filing requirements.
The Dodd-Frank Wall Street Reform and Consumer Protection Act requires that bank holding ... (read more)