FDIC suspends resolution plans for deposit takers

Requirement for opcos of bank holding companies could be tailored or scrapped entirely

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Deposit-taking banks will not have to submit their next round of resolution plans until changes to the rule governing the process are finalised, Federal Deposit Insurance Corporation chair Jelena McWilliams said on Wednesday.

McWilliams said her agency will soon propose “significant changes” to a rule requiring FDIC-insured depository institutions to submit annual resolution plans on a staggered schedule.

“We plan to issue an advanced notice of proposed rulemaking in the coming months,” she

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