Washington, D.C. — The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) have jointly released the public sections of resolution plans for eight of the largest domestic banks and 56 foreign banking organizations. Required under the Dodd-Frank Wall Street Reform and Consumer Protection Act, these ‘living wills’ detail strategies for orderly resolution in the event of financial distress or failure.
The release, made available on both agencies’ websites, includes public sections of the plans that were due by July 1, 2025. These living wills are designed to maintain transparency and ensure that the government has a clear path for resolving banks in crisis without further destabilizing the financial system.
In addition, the FDIC also published public sections of resolution plans for 12 large insured depository institutions (IDIs) under its IDI Rule. These plans are crucial for enabling the FDIC to efficiently resolve failed banks under the Federal Deposit Insurance Act.
While the confidential sections of these plans remain sealed, today’s release provides a window into how some of the world’s largest financial entities are preparing for potential crises. The move is seen as a significant step towards fostering transparency and ensuring stability in the banking sector.
Contact information for both agencies is available for those seeking further details on the resolution plans. This unveiling of living wills marks another milestone in the ongoing effort to safeguard the financial system from systemic risks.
For more information, visit the FDIC’s website and the Federal Reserve Board’s website at [URL].
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