WASHINGTON, June 30 -- Federal Deposit Insurance Corporation has issued a proposed rule called: Resolution Submissions Required for Covered Insured Depository Institutions.
The proposed rule was published in the Federal Register on June 30 by Jennifer M. Jones, Deputy Executive Secretary.
Summary: The FDIC is seeking comment on a proposal to revise its regulations that require resolution submissions by insured depository institutions (IDIs) with at least $50 billion in total assets. The proposed rule would modify the current rule by raising and automatically updating the dollar threshold that determines the scope of applicability; reducing the requirements regarding the content of resolution submissions provided to the FDIC, with a focus ...