The Federal Deposit Insurance Corporation (FDIC) has approved an interim final rule to revise the collection of special assessments, a measure aimed at recovering losses from bank failures. This move comes in response to the systemic risk determination following the collapses of Silicon Valley Bank and Signature Bank.
According to the FDIC, the total cost of these bank failures, which must be recovered through the special assessment, is approximately $16.7 billion as of September 30, 2025. This figure will be adjusted as assets are sold, liabilities settled, and receivership expenses incurred.
The interim final rule reduces the collection rate for the eighth quarter to ensure that the cumulative amount collected aligns with the current loss estimate. The FDIC also outlines an offset mechanism for regular quarterly deposit insurance assessments if the special assessment exceeds losses following legal resolution with SVB Financial Trust.
In addition, the rule stipulates actions upon the termination of receiverships, including providing offsets for overcollection or imposing a final shortfall assessment for undercollections.
Effective upon publication in the Federal Register, this interim final rule reflects the FDIC’s commitment to managing financial stability and ensuring fair recovery procedures following bank failures.
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Key Facts
- Agency: FDIC
- Category: Fraud & Financial Crimes|White Collar Crime
- Source: Official Source ↗
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