FDIC and Fed Proposed Rule on Resolution Plans and Credit Exposure Reports for Covered Systemic Organizations

On March 29, the FDIC and the Fed approved a joint notice of proposed rulemaking which would require covered systemic organizations to file and report resolution plans and credit exposure reports as required under Section 165 of the Dodd-Frank Act. Resolution plans would have to be submitted within 180 days of the effective date of the final regulation, and credit exposure reports would have to be filed 30 days after the end of each calendar quarter. Comments must be submitted within 60 days after publication in the Federal Register. FDIC Release. Proposed Rule.