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FDIC Posts New Requirements for Bank Resolution Plans

Joe Mont | December 17, 2014

The Federal Deposit Insurance Corporation has issued new guidance and requirements for the resolution plans federally insured financial institutions holding more than $50 billion in assets must periodically submit.

These plans are required by an FDIC rule approved in January 2012, as mandated by the Dodd-Frank Act. It requires covered banks, currently 36 meet the criteria, to submit resolution plans that would enable the FDIC, as a receiver, to wind-down their institution in an orderly manner that enables “prompt access of insured deposits; maximizes the return from the failed institution's assets; and minimizes losses realized by creditors and the Deposit Insurance Fund.”

Banks must provide a fully developed discussion and analysis of a range of realistic resolution strategies, including at least one approach for the separation and...

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