Browsing: Living wills

Newsbytes

ABA, along with the Bank Policy Institute and the Securities Industry and Financial Markets Association, today expressed its support for a proposal from the Federal Reserve and the FDIC, as well as an advance notice of proposed rulemaking from the FDIC, to tailor their resolution planning frameworks for large banking companies and large insured banks.

Economy

In remarks at a Harvard Law School event today, Federal Reserve Vice Chairman for Supervision Randal Quarles signaled that the Fed and the FDIC will revisit the capital and liquidity requirements in place for the largest U.S. and foreign firms and will seek public input on current “living will” guidance.

Economy

In a letter to FDIC Chairman Martin Gruenberg and Federal Reserve Vice Chairman for Supervision Randal Quarles today, ABA encouraged regulators to extend the filing date for upcoming resolution plan — or “living will” — submissions and to consider moving to a biennial schedule generally for banks that are required to submit resolution plans under the Dodd-Frank Act.

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