Fed to require fewer banks to submit resolution plans
The reform is the latest effort to streamline regulation under the Crapo Bill
The Federal Reserve has announced it will be requiring fewer banks to submit a resolution plan for the 2019 cycle as it published the results of last year’s assessments.
The central bank will raise the threshold beyond which it requires banks to submit the plans, also known as living wills, from $50 billion to $250 billion, it said in the published documents.
The move is the latest regulatory amendment under the The Economic Growth, Regulatory Relief, and Consumer Protection Act, which aims to
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