Resolution Plans Required for Insured Depository Institutions With $100 Billion or More in Total Assets; Informational Filings Required for Insured Depository Institutions With at Least $50 Billion But Less Than $100 Billion in Total Assets
12 CFR Part 360 RIN 3064–AF90
Notice of proposed rulemaking and request for comment
88 FR 64579
Comment Period End: November 30, 2023
Summary: The FDIC is proposing to amend 12 CFR 360.10, requiring banks with $50 billion or more in total assets to submit resolution plans to the FDIC. The proposed rule would revise the content and timing of banks' submissions and require interim supplements. Banks with $100 billion or more in total assets would submit resolution plans; banks with total assets between $50 and $100 billion would submit informational filings. The proposed rule would also amend requirements for resolution plan credibility assessments, expand engagement and capabilities testing, and clarify expectations regarding the review and enforcement of banks' compliance with the rule.
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