The Financial Stability Board (FSB) published today a Thematic Review on Bank Resolution Planning. This report forms part of a series of peer reviews to support timely and consistent implementation…Read More
The OFR released a brief today entitled, “What Can We Learn from Publicly Available Data in Banks’ Living Wills?” and an accompanying blog by Stacey Schreft, OFR Deputy Director for…Read More
US agencies reject seven banks on living wills – what actually happened with BNYM and State Street? (Premium)
The Federal Reserve and FDIC announced last week that they had rejected the living wills of seven major US banks (five of them were rejected by both regulators and two…Read More
US Agencies Announce Determinations and Provide Feedback on Resolution Plans of Eight Systemically Important, Domestic Banking Institutions
The Federal Deposit Insurance Corporation and the Federal Reserve Board on Wednesday jointly announced determinations and provided firm-specific feedback on the 2015 resolution plans of eight systemically important, domestic banking…Read More
The FDIC rejects living wills from the U.S. units of BNP, HSBC and RBS. The Fed was not very happy either.
The FDIC turned back the living wills for three foreign banks: HSBC, RBS, and BNP, saying they found the plans “not credible”. Had the Fed also made a similar finding,…Read More