US Federal Reserve Board And US FDIC Publish Public Sections Of July 2018 Resolution Plans

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Shearman & Sterling LLP

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On July 9, 2018, the U.S. Federal Reserve Board and FDIC published the public portions of the July 2018 resolution plans for four foreign banking organizations, which plans focus...
United States Finance and Banking
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On July 9, 2018, the U.S. Federal Reserve Board and FDIC published the public portions of the July 2018 resolution plans for four foreign banking organizations, which plans focus on the institutions' U.S. operations. The public sections of the resolution plans summarize certain elements of the plans and how the resolution plans would be executed. The public portions of the resolution plans are published exactly as submitted by the institutions and are available on the Federal Reserve Board and FDIC websites.

The full text of the FDIC and Federal Reserve Board press releases are available at: https://www.fdic.gov/news/news/press/2018/pr18045.html  and https://www.federalreserve.gov/newsevents/pressreleases/bcreg20180709a.htm.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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