FDIC Seeks Comment on New Approaches to Insured Depository Institution Resolution Planning — 2019-04-16

The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved an Advance Notice of Proposed Rulemaking (ANPR) seeking comment on ways to tailor and improve the agency’s rule requiring certain insured depository institutions (IDIs) to submit resolution plans (“the IDI Rule”). “Both the FDIC and the banks subject to the IDI Rule have learned a lot about resolution planning over the past several years, and my hope is that we can build on this experience to make the process more efficient and more effective,” said FDIC Chairman Jelena McWilliams. The FDIC is undertaking a comprehensive review of the IDI Rule. Advanced resolution planning is critically important for the largest IDIs to ensure the FDIC has timely access to information it would need to execute a resolution under the Federal Deposit Insurance Act.