FDIC suspends resolution plans for deposit takers

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

libor-fdic.jpeg

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

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: