Agencies extend deadline for certain foreign banking organizations' resolution plan submissions

[kreslik.news]

Board of Governors of the Federal Reserve System

Federal Deposit Insurance Corporation

For release at 9:00 a.m. EDT
June 8, 2016
Agencies Extend Deadline for Certain Foreign Banking Organizations' Resolution Plan Submissions
The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Wednesday announced that four foreign banking organizations (FBOs) will be required to submit their next resolution plans on July 1, 2017.
Previously, the four FBOs--Barclays PLC, Credit Suisse Group, Deutsche Bank AG, and UBS--were required to submit their next plans on July 1, 2016. However, the agencies jointly determined the 2016 annual ... (read more)