Resolution Submissions Required for Covered Insured Depository Institutions

What it does

The FDIC is seeking comment on a proposal to revise its regulations that require resolution submissions by insured depository institutions (IDIs) with at least $50 billion in total assets. The proposed rule would modify the current rule by raising and automatically updating the dollar threshold that determines the scope of applicability; reducing the requirements regarding the content of resolution submissions provided to the FDIC, with a focus on information that most directly supports the FDIC's resolution readiness in the event of material distress and failure of a covered IDI; and standardizing content requirements for covered IDIs. The proposed rule would also eliminate the FDIC's credibility assessment of submissions provided by IDIs, as well as expectations for capabilities testing under the current rule.

The Federal Deposit Insurance Corporation's summary, as published in the Federal Register.

What it would change

1 part of Title 12 of the Code of Federal Regulations:

12 CFR 360

Before this

No earlier Federal Register document under regulation identifier 3064-AG21 since Jan. 1, 2025.

What happens next and when

Comments must be received by August 31, 2026.

The agency's dates, word for word.

Check it yourself

• The document in the Federal Register
• Title 12 on eCFR

The record as published

Source: the Federal Register (public domain). The document in the Federal Register