Summary: | The FDIC has issued the attached proposed rule that would require certain identified insured depository institutions that are affiliates of large and complex financial companies to submit to the FDIC analysis, information and plans that address and demonstrate the insured institution's ability to be separated from its parent structure, and to be wound down or resolved in an orderly fashion. Following standards set forth in the proposed rule, and subject to the FDIC's review and validation, covered insured depository institutions would submit information and contingent resolution plans that would allow the FDIC to assess the risks posed to the deposit insurance fund and to develop effective resolution strategies and conduct contingency planning for a period of severe financial distress. |
Highlights:
Distribution: FDIC-Insured Banks (Commercial and Savings)
Suggested Routing:
Note:
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Additional Related Topics:
- Complex Financial Institutions
- Resolutions
- Receiverships
- Recovery and Resolution Plans