RegAlert2026-05-22
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Agencies Publish Resolution Plan Feedback Letters for Domestic and Foreign Banking Organizations
The Federal Deposit Insurance Corporation and the Federal Reserve Board published feedback letters confirming that resolution plans from eight major domestic banks and 56 foreign banking organizations meet regulatory requirements. A joint review of July 2025 submissions identified no deficiencies, while specifically validating that previously noted derivatives-related weaknesses at Bank of America, Goldman Sachs, JPMorgan Chase, and Citigroup have been satisfactorily resolved. These approvals allow the designated institutions to proceed with their current orderly resolution strategies without mandatory corrective actions.
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Joint Press Release
May 22, 2026
Agencies publish resolution plan feedback letters for certain domestic and foreign banking organizations
Federal Deposit Insurance Corporation
Federal Reserve Board
For release at 4:00 p.m. EDT
The Federal Deposit Insurance Corporation and the Federal Reserve Board today published feedback letters for several resolution plans submitted in July 2025.
Resolution plans, also known as living wills, must describe a banking organization's strategy for orderly resolution in the event of material financial distress or failure. The agencies conducted a joint review of the 2025 resolution plan submissions from the eight largest and most complex domestic banking organizations as well as from 56 foreign banking organizations. The agencies did not identify any shortcomings or deficiencies in these resolution plan submissions.
The agencies also determined that each derivatives-related weakness identified in the 2023 plans from Bank of America, Goldman Sachs, JPMorgan Chase, and Citigroup has been satisfactorily addressed.
Media Contacts:
FDIC
Carroll Kim
(202) 898-6993
FRB
Meg Badenhorst
(202) 452-2955
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Source: Federal Reserve Board — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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FRB published 4 documents in the last 30 days. We email you each new one the day it's published.