The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) released the public sections of resolution plans for the eight largest and most complex domestic banking organizations and 56 foreign banking organizations, which were required to be submitted by 1 July 2025. Required under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the resolution plans, commonly known as living wills, describe a banking organization’s strategy for an orderly resolution under bankruptcy in the event of material financial distress or failure and must be split into public and confidential sections, with the public portion summarising specified elements. The FDIC also released the public sections of separate resolution plans for 12 large insured depository institutions required under the FDIC’s IDI Rule, intended to enable an efficient FDIC resolution under the Federal Deposit Insurance Act. The public sections are available on the Federal Reserve Board’s and the FDIC’s websites.
Federal Reserve Board 2025-08-05
Federal Reserve Board and Federal Deposit Insurance Corporation publish public sections of 2025 resolution plans for major domestic and foreign banking organizations
The Federal Reserve Board and FDIC published public sections of resolution plans for major domestic and foreign banking organizations, as mandated by the Dodd-Frank Act. These plans, known as living wills, outline strategies for orderly resolution in financial distress. Additionally, the FDIC released public sections of resolution plans for large insured depository institutions under the FDIC’s IDI Rule.