Federal Reserve System, Federal Deposit Insurance Corporation
The Board and the Corporation (together the "Agencies") are adopting this final rule to implement the requirement in a section of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") regarding resolution plans. The Dodd-Frank Act section requires each nonbank financial company designated by the Financial Stability Oversight Council (the "Council") for enhanced supervision by the Board and each bank holding company with assets of $50 billion or more to report periodically to the Board, the Corporation, and the Council the plan of such company for rapid and orderly resolution in the event of material financial distress or failure.
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Federal Reserve System 12 CFR Part 243 [Regulation QQ; Docket No. R-1414] RIN 7100-AD73 Federal Deposit Insurance Corporation 12 CFR Part 381 RIN 3064 AD 77 AGENCY: Board of Governors of the Federal Reserve System (Board) and Federal Deposit Insurance Corporation (Corporation). ACTION: Final rule. SUMMARY: The Board and the Corporation (together the “Agencies”) are adopting this final rule to implement the requirement in a section of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) regarding resolution plans. The Dodd-Frank Act section requires each nonbank financial company designated by the Financial Stability Oversight Council (the “Council”) for enhanced supervision by the Board and each bank holding company with assets of $50 billion or more to report periodically to the Board, the Corporation, and the Council the plan of such company for rapid and orderly resolution in the event of material financial distress or failure. DATES: The rule is effective November 30, 2011. FOR FURTHER INFORMATION CONTACT: Board: Barbara J. Bouchard, Senior Associate Director, (202) 452-3072, Michael D. Solomon, Associate Director, (202) 452-3502, or Avery I. Belka, Counsel, (202) 736-5691, Division of Banking Regulation and Supervision; or Ann E. Misback, Associate General Counsel, (202) 452-3788, Dominic A. Labitzky, Senior Attorney, (202) 452-3428, or Bao Nguyen, Attorney, (202) 736-5599, Legal Division; Board of Gover…
Other Federal Register documents from the same docket.
Citation: 76 FR 67323
