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Expert Analysis

Looking At Feds' Financial Co. Resolution Plan Feedback

Law360, New York (September 2, 2014, 6:22 PM EDT) -- On Aug. 5, 2014, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corp. (the "agencies") released a joint statement identifying common shortcomings and action steps for the 11 largest financial companies that initially filed resolution plans in 2012 (the "first-wave filers").[1] Contemporaneously with the joint statement, the agencies sent letters to each of the first-wave filers in which they identified more detailed and specific shortcomings in individual first-wave filers' 2013 resolution plans and additional information required for the 2015 plans (the "joint letters")....

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