On October 17th, the Federal Reserve Board approved a final rule implementing the resolution plan requirement in the Dodd-Frank Act for bank holding companies with assets of $50 billion or more and nonbank systemically important financial institutions. Under the final rule, such an entity must develop a plan describing its strategy for rapid and orderly resolution in bankruptcy during times of financial distress. A resolution plan must include a strategic analysis of the plan's components, a description of the range of specific actions the company proposes to take in resolution, and a description of the company's organizational structure, material entities, interconnections and interdependencies, and management information systems. Federal Reserve Board Press Release.