WASHINGTON – The Federal Deposit Insurance Corporation’s Board of Directors today approved the publication of an Advance Notice of Proposed Rulemaking (ANPR) concerning potential new resolution-related resource requirements for large banking organizations to improve the prospects for the orderly resolution of large banks in the United States should they fail. The ANPR is being proposed jointly by the FDIC and the Board of Governors of the Federal Reserve System.
The ANPR asks for comment on potential new requirements and resources that could be used for an orderly resolution of these large banking organizations. In particular, the agencies focused on the issuance of long-term debt by large banking organizations and their insured depository institutions to enhance options for the orderly resolution of the nation’s largest and most complex banks.
Interested parties are encouraged to submit written comments to both the FDIC and the Board of Governors of the Federal Reserve System within 60 days of the notice’s publication.