Agencies Post Living Wills for Largest Banks

The Federal Reserve and FDIC yesterday posted online the public sections of resolution plans for 12 large, internationally active banks. This round of resolution plans — submitted by July 1 — includes firms with more than $100 billion in U.S. nonbank assets.

The agencies will review the public and confidential sections of the plans, which detail how the banks would resolve themselves in the event of major financial distress, and will issue comments on the plans at a later date.