US gives 21 banks another year to solve resolution problems

Banks including Societe Generale, Santander and BNP Paribas have until end-2018 to file plans

US Federal Reserve building

The US Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) have extended by one year the resolution plan-filing deadline for 19 foreign banks and two large domestic financial institutions, they announced on August 8.

The Fed announced it had decided to give the firms an additional year, ending on December 31, 2018, “to address any supervisory guidance in their next plan submissions”.

The regulators want to use the extended window to address the doubts and structural

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: