Regulatory Alerts2023-09-19 | 2023-19266Added · Updated
Resolution Plans Required for Insured Depository Institutions With $100 Billion or More in Total Assets; Informational Filings Required for Insured Depository Institutions With at Least $50 Billion But Less Than $100 Billion
The Federal Deposit Insurance Corporation proposes to revise its resolution plan rule for insured depository institutions with $50 billion or more in total assets, differentiating requirements by asset size. Institutions holding $100 billion or more must submit comprehensive resolution plans detailing an identified strategy, while those between $50 and $100 billion will file informational submissions focused on critical resolution data. The proposal also updates submission schedules, strengthens credibility and least-cost testing standards, expands engagement and capabilities testing, and clarifies the FDIC’s review and enforcement processes.
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