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federal_register: 2019-00800

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
2019-00800 Final Guidance for the 2019 Notice The Board and the FDIC (together, the "Agencies") are adopting this final guidance for the 2019 and subsequent resolution plan submissions by the eight largest, complex U.S. banking organizations ("Covered Companies" or "firms"). The final guidance is meant to assist these firms in developing their resolution plans, which are required to be submitted pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"). The final guidance, which is largely based on prior guidance issued to these Covered Companies, describes the Agencies' expectations regarding a number of key vulnerabilities in plans for an orderly resolution under the U.S. Bankruptcy Code (i.e., capital; liquidity; governance mechanisms; operational; legal entity rationalization and separability; and derivatives and trading activities). The final guidance also updates certain aspects of prior guidance based on the Agencies' review of these firms' most recent resolution plan submissions. 2019-02-04 2019 2 https://www.federalregister.gov/documents/2019/02/04/2019-00800/final-guidance-for-the-2019 https://www.govinfo.gov/content/pkg/FR-2019-02-04/pdf/2019-00800.pdf Federal Reserve System; Federal Deposit Insurance Corporation 188,164 The Board and the FDIC (together, the "Agencies") are adopting this final guidance for the 2019 and subsequent resolution plan submissions by the eight largest, complex U.S. banking organizations ("Covered Companies" or "firms"). The final guidance is...  

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