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US FDIC and Federal Reserve propose rule on resolution plans and credit exposure reports

  • Mayer Brown LLP
  • -
  • USA
  • -
  • May 2 2011

The US Federal Deposit Insurance Corporation (FDIC) and the Board of Governors of the Federal Reserve System (FRB) have jointly approved a proposed rule requiring certain companies to periodically submit Resolution Plans (also referred to as "living wills") and Credit Exposure Reports (the "Proposed Rule") to the FRB and FDIC