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Reporting Requirements Federal Deposit Insurance Corporation Bank Resolution Scheme

Venable LLP

FDIC Finalizes Large Bank Resolution Plan Rule and OCC Proposes Changes to Recovery Plans

Venable LLP on

The FDIC recently finalized its resolution planning rule for large banks, which becomes effective October 1, 2024. Resolution plans, or "living wills," are plans to wind down operations in the event of bank failures. The...more

Latham & Watkins LLP

FDIC Expands Resolution Plan Requirements for Banks with Assets of $50B or More

Latham & Watkins LLP on

Insured depository institutions with $50 billion to less than $100 billion in average total assets are subject to new resolution reporting standards, with enhanced reporting for those with average total assets of $100 billion...more

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