Agencies Seek Comment on Resolution Plan Reporting - Circulars

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Circular

Agencies Seek Comment on Resolution Plan Reporting

April 14, 2011

Circular No. 12304

Under a rule proposed by the Federal Reserve Board and the Federal Deposit Insurance Corporation, large, systemically significant bank holding companies and nonbank financial companies would be required to submit annual resolution plans and quarterly credit exposure reports

The agencies are requesting comment on the proposal, which would implement requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The requirements apply to bank holding companies with total consolidated assets of $50 billion or more and nonbank financial companies designated by the Financial Stability Oversight Council for supervision by the Board.

See press release for full details.

Press release offsite

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