The Federal Deposit Insurance Corporation (FDIC) issued guidance for “large banks” —insured depository institutions with assets greater than $50 billion—for the resolution plans they must periodically submit to the FDIC, according to a recent press release. The FDIC rule requires these institutions “to provide a resolution plan that should enable the FDIC as receiver . . . to resolve the institution in an orderly manner that enables prompt access of insured deposits; maximizes the return from the failed institution’s assets; and minimizes losses realized by creditors and the Deposit Insurance Fund.” The guidance details elements “that should be discussed in a fully developed resolution strategy and the cost analysis” and “a list of significant obstacles to an orderly and least costly resolution that institutions should address.” Currently, 36 banks meet the criteria requiring the plan, which would also apply to any new institution that meets the threshold beginning with 2015 submissions. For more, read the full release.