Bankowość centralna · 22/12/2020

FDIC and Federal Reserve Adopt Final Guidance for Foreign-Based Covered Companies' Resolution Plan Submissions

The FDIC and Federal Reserve have released final guidance to assist foreign banking organizations in developing their resolution plans, required for submission under the Dodd-Frank Act. The guidance addresses changes made in response to comments and further analysis, primarily affecting Category II firms with U.S. operations and intermediate holding companies.