The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) released the public sections of resolution plans, or living wills, for 15 large banking organizations, providing summaries of each firm’s strategy for an orderly resolution under bankruptcy in the event of material financial distress or failure. The release covers five domestic and 10 foreign banking organizations that were required to submit resolution plans by October 1, 2025. Resolution plans are required under the Dodd-Frank Wall Street Reform and Consumer Protection Act and consist of a confidential plan that includes a public section summarising key elements. The agencies also published a public summary of Capital One Financial Corporation’s interim update to its resolution plan, filed following its recent acquisition of Discover. Capital One is scheduled to file a full resolution plan with a public section by July 1, 2026.
Federal Reserve Board 2025-10-23
Federal Reserve Board and Federal Deposit Insurance Corporation publish public sections of resolution plans for 15 large banking organizations
The Federal Reserve Board and the Federal Deposit Insurance Corporation released the public sections of resolution plans for 15 large banking organizations, detailing strategies for orderly resolution under bankruptcy. This includes plans from five domestic and 10 foreign banks, as well as an interim update from Capital One Financial Corporation following its acquisition of Discover. These plans are mandated by the Dodd-Frank Act.