Fed, FDIC Provide Resolution Roadmap For Smaller Banks

Law360, New York (September 3, 2013, 2:07 PM EDT) -- The Federal Reserve and the Federal Deposit Insurance Corp. on Tuesday gave a blueprint for smaller banks to follow as they prepare, for the first time, mandatory plans for how to take them apart.

The two federal banking regulators provided a model template for so-called “tailored resolution plans” for banks with between $50 billion and $100 billion in total consolidated assets that are submitting their Dodd-Frank Act-mandated wind-down plans this year.

“A tailored resolution plan focuses on the nonbanking operations of the firm and on the...
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