Bankowość · 09/07/2024

FDIC Adopts Final Rule Requiring Resolution Plans for Large Banks and Enhanced Filings for Medium-Sized Institutions

The Federal Deposit Insurance Corporation (FDIC) is implementing a new rule that requires large banks with over $100 billion in assets to submit detailed resolution plans, while medium-sized banks with between $50 billion and $100 billion in assets must file informational reports. This move aims to enhance the FDIC's preparedness for resolving large bank failures and improve compliance with the rule.