Regulatory Alerts2024-06-20 | FIL-34-2024Final Rulemaking on Resolution Plans Required for Insured Depository Institutions With $100 Billion or More in Total Assets
The Federal Deposit Insurance Corporation issued this final rule to mandate comprehensive resolution plans for insured depository institutions with $100 billion or more in total assets, while requiring informational filings for those holding between $50 billion and $100 billion. The updated regulations revise submission content and deadlines, enhance credibility assessments, expand engagement and capabilities testing, and clarify the FDIC’s review and enforcement processes. Implemented to strengthen the FDIC’s preparedness for large bank failures following recent institutional collapses, the rule ensures timely access to insured deposits and supports orderly resolution strategies under federal banking law.
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