Regulators push for uniform rules on living wills for regional and megabanks
TL;DR
The Federal Deposit Insurance Corporation's Board of Directors held an open session meeting to discuss various matters, including proposed rulemaking on long-term debt requirements for large bank holding companies, resolution plans for insured depository institutions, proposed guidance for Dodd-Frank Act resolution plan submissions, conditions to certain receivership delegations of authority and procedures, and board approval of midsized and large failed bank sales.
Topics:top-newsgovernmentfinance#board-meeting#fdic#governmentfinance#proposed-rulemaking#receivership-delegations#resolution-plans
- Board Meeting - August 29, 2023 FDIC
- Regional banks face another hit as regulators force them to raise debt levels CNBC
- CFPB Director on regional bank 'living wills': Important to protect consumers and small businesses CNBC Television
- Banks Like SVB, First Republic Should Have Same Rules as Chase, Citi Bloomberg
- Analysis | Megabanks Have Living Wills. Regional Banks Need Them Too. The Washington Post
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