Browsing: Living wills

Newsbytes

The Federal Housing Finance Agency today finalized a rule requiring Fannie Mae and Freddie Mac to develop resolution plans to facilitate their rapid and orderly resolution in the event that the FHFA is appointed receiver—similar to the resolution plans that the nation’s largest banks are required to develop.

Mortgage

A new rule proposed by the Federal Housing Finance Agency today would require Fannie Mae and Freddie Mac to develop resolution plans to facilitate their rapid and orderly resolution in the event that the FHFA is appointed receiver.

Newsbytes

Regulatory reforms adopted by the world’s largest banks have bolstered the financial system’s ability to absorb the sudden economic shocks of the coronavirus pandemic, Federal Reserve Vice Chairman for Supervision Randal Quarles, who also chairs the Financial Stability Board, said in a speech today.

Compliance and Risk

As banks continue to address the immediate challenges of the COVID-19 pandemic, the Federal Reserve and the FDIC today announced that they would extend two upcoming deadlines for certain banks required to file resolution plans for orderly resolution in the event of material financial distress or failure.

Newsbytes

The Federal Reserve today approved its long-awaited framework for tailoring enhanced prudential standards for firms with $100 billion or more in assets—as required by the S. 2155 regulatory reform law—and how it will apply those standards to large U.S. and foreign banking organizations.

Newsbytes

The Federal Reserve and FDIC today announced that they would extend the resolution plan filing deadline for 82 foreign banks and 15 domestic banks until July 1, 2021, as they contemplate further changes to the resolution planning rule.

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