The Federal Reserve Board and FDIC finalized their evaluations of the 2017 resolution plans for 14 domestic banking organizations and issued expectations for future plans. The new plans must be submitted by December 31, 2019.
The agencies did not note any inadequacies in the 2017 resolution plans. However, FDIC Board Member Martin J. Gruenberg voted against approval for one of the 14 banking organizations for insufficiently addressing deficiencies in the transfer of uninsured and foreign deposits.
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