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The Federal Reserve Board and the FDIC completed their evaluation of 82 foreign banks' 2018 resolution plans, which describe a company's strategy for rapid and orderly resolution in the event of bankruptcy.
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The Federal Reserve Board and the FDIC completed their
evaluation of 82 foreign banks' 2018 resolution plans, which
describe a company's strategy for rapid and orderly resolution
in the event of bankruptcy. In light of proposed resolution plan
rule changes, the agencies also extended the deadline to file their
next resolutions plans to 2021 for these 82 foreign banks and 15
additional domestic banks. Release. Joint Release.
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