FDIC Amends Resolution Planning Requirements For Large FDIC-Insured Depository Institutions

On June 20, 2024, the Federal Deposit Insurance Corporation (FDIC) adopted final amendments to its resolution planning requirements for FDIC-insured depository institutions (IDIs) with US$50 billion or more in total assets under the FDIC's regulations at 12 CFR 360.10 (IDI Resolution Plan Rule). IDIs with US$100 billion or more in total assets are subject to certain requirements as Group A CIDIs, and IDIs with total assets of at least US$50 billion but less than US$100 billion are subject to certain information filing requirements as Group B CIDIs. The FDIC has been working on a revamp of its resolution planning requirements for IDIs since 2019¹ but the final rule supersedes all previous FDIC guidance on the topic and lifts an FDIC moratorium on resolution planning requirements for Group B CIDIs that has been in place since 2018.