Agencies publish resolution plan feedback letters for 15 banking organizations
The Federal Deposit Insurance Corporation and the Federal Reserve Board published feedback letters on September 29, 2026, for resolution plans submitted in October 2025. The agencies reported no shortcomings or deficiencies in the reviewed submissions and said a previously identified 2021 shortcoming for BNP Paribas has been resolved.
Why It Matters
Resolution plans (living wills) are a regulatory tool meant to ensure large banks can be wound down in an orderly way if they fail; the agencies' finding of no deficiencies signals that the reviewed firms met current expectations. Confirming that a past shortcoming for BNP Paribas has been addressed reduces a specific supervisory concern identified in 2021.
Key Facts
- Release date: September 29, 2026
- Agencies: Federal Deposit Insurance Corporation; Federal Reserve Board
- Submitted plans reviewed: Resolution plans submitted in October 2025
- Number of banking organizations reviewed: 15
- Asset threshold for reviewed firms: Over $250 billion in assets
The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board said on September 29, 2026, that they have published feedback letters for resolution plans submitted in October 2025. These documents summarize the agencies' assessments of banks' strategies for an orderly resolution in the event of material financial distress or failure. The agencies use such "living wills" to evaluate whether large banking organizations can be resolved without threatening financial stability.
The joint review covered resolution plan submissions from 15 banking organizations that each have more than $250 billion in assets. According to the agencies, none of the submissions reviewed contained shortcomings or deficiencies. The feedback letters are intended to provide the firms with supervisory observations and, where appropriate, recommendations for strengthening their plans.
The agencies also noted a supervisory update regarding a past review: a shortcoming identified in BNP Paribas's 2021 resolution plan has been satisfactorily addressed. The statement did not describe the original deficiency or the specific changes BNP Paribas made, only that the earlier issue has been resolved to the agencies' satisfaction.
The FDIC and the Federal Reserve Board made the feedback letters available as part of their ongoing oversight of large banking organizations' resolution planning. The agencies conduct periodic joint reviews to assess whether firms' plans meet statutory and regulatory expectations for resolvability.
Keep Reading
Citi tells investors it’s time to sell Moderna after 600%-plus stock gains
Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements
A tough job market is pushing more young Americans to make a big bet: on themselves
