On June 21, BPI (joined by SIFMA and the ABA) submitted a comment letter to the Federal Reserve and FDIC on their proposed revisions to regulations governing resolution planning requirements for banks as mandated by section 165(d) of the Dodd-Frank Act. The letter identifies several areas for refinement and clarification within the proposal’s risk-based framework for filing frequency and content requirements, recommending revisions to the proposed timing of requests, notifications and other deadlines, as well as to elements of the proposal’s requirements for the plans’ informational content.
You Might Also Be Interested In...
Resolution & Recovery Planning BPI Response to Guidance for Resolution Plan Submissions of Domestic and Foreign Triennial Filers
Regulatory Reporting and Accounting BPI Response to FDIC Resolution Plans Required for Insured Depository Institutions With $100 Billion or More in Total Assets
More Posts by This Author
Basel Finalization The Empire Strikes Back: How the Basel Proposal Would Shift Credit Allocation from the Private Sector to the Government
Consumer Affairs Banks Support National Strategy to Identify Opportunities and Barriers to Financial Inclusion
Bank Liquidity BPI Statement for the Record for House Hearing on the Fed Discount Window and Emergency Lending