Fed demands further analysis on HSBC resolution plan

hsbc

The Federal Reserve requires further information on HSBC’s capital and liquidity planning capabilities after finding issues with its recently submitted resolution plan.

Problems were also found in six other large banks’ resolution plans, the Fed and Federal Deposit Insurance Corporation revealed in a statement. However, the agencies stop short of saying any of the seven banks had “shortcomings or deficiencies” in their plans, which would have required the banks to revise and resubmit the

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