Title I

FDIC Makes Available Parts of Resolution Plans

On July 3, the FDIC made available the public sections of the initial resolution plans submitted to the FDIC and the Fed under Title I of the Dodd-Frank Act. Firms in this group include U.S. bank holding companies with $250 billion or more in total nonbank assets and foreign-based bank holding companies with $250 billion or more in total U.S. nonbank assets. FDIC Release.  Summaries.

Fed Request for Comments on “Predominantly Engaged in Financial Activities”

On April 2, the Fed requested comment on a proposed amendment to its February 11 notice of proposed rulemaking to establish requirements for determining whether a company is “predominantly engaged in financial activities“.  Based on comments received on the NPR, the amendment is intended to clarify the definition of financial activities for purposes of Title I.  Commenters to the February 11 proposal asked whether conditions imposed under the Bank Holding Company Act and regulations should be considered in defining financial activities under Title 1.  Comments must be submitted by May 25.  Fed Release. 
Request for Comment.