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Agencies Finalize Changes to Resolution Planning Requirements
21 January 2020
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In October 2019, the Federal Reserve Board and the Federal Deposit Insurance Corporation adopted a joint final rule that revises the initial regulations implementing the resolution planning requirements of section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The final rule amends the resolution planning rules applicable to certain domestic and foreign firms to reflect resolvability improvements identified over the past eight years and as a response to the Economic Growth, Regulatory Relief, and Consumer Protection Act, and builds on the final domestic and foreign tailoring rules to create categories of firms that would be subject to different filing frequencies and resolution plan content requirements.
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