Agencies publish resolution plan feedback letters for 15 banking organizations
For release at 4:00 p.m. EDT
The Federal Deposit Insurance Corporation and the Federal Reserve Board today published feedback letters for resolution plans submitted in October 2025. Following a comprehensive and joint review process, the federal regulatory agencies announced that they did not identify any shortcomings or deficiencies in these latest resolution plan submissions from the participating financial institutions.
Resolution plans, which are commonly referred to in the financial industry as "living wills," serve as critical regulatory tools designed to protect the broader economy and the stability of the financial system. These detailed documents outline a banking organization’s comprehensive strategy for an orderly resolution under applicable insolvency law in the event of material financial distress or failure. By requiring institutions to map out their corporate structures, critical operations, and interconnectedness well in advance, regulators aim to ensure that a large bank can be wound down without triggering systemic contagion or requiring extraordinary government bailouts.
The recent evaluations conducted by the Federal Deposit Insurance Corporation and the Federal Reserve Board focused on the 2025 resolution plan submissions provided by 15 major banking organizations. Each of the institutions included in this specific review cohort maintains over $250 billion in total consolidated assets, placing them among the most significant players in the United States financial architecture. The joint review by the two primary banking regulators underscores the ongoing, rigorous oversight applied to institutions of this scale, ensuring that they maintain robust preparedness for potential economic stress scenarios.
In tandem with the review of the 15 recent submissions, the agencies also evaluated the historical remediation efforts of foreign banking organizations operating within the United States. Specifically, the Federal Deposit Insurance Corporation and the Federal Reserve Board determined that the shortcoming previously identified in the 2021 resolution plan submitted by BNP Paribas has been satisfactorily addressed. This determination marks the successful resolution of past regulatory concerns for the institution, reflecting its compliance with federal expectations for contingency planning and risk management.
The publication of these feedback letters represents a key milestone in the ongoing supervisory cycle for large financial institutions. It provides transparent insight into the regulatory assessments of bank preparedness, reinforcing market confidence while maintaining the high standards of safety and soundness required of institutions holding more than $250 billion in assets. As the financial regulatory landscape continues to evolve in response to domestic and global economic conditions, the rigorous submission and review of living wills remain a cornerstone of macroprudential policy in the United States.
