Federal Register #RIN 3064AG21

FDIC Proposed Rulemaking: Resolution Submissions for Large Insured Depository Institutions

This opportunity involves a request from the Federal Deposit Insurance Corporation (FDIC) for public comment on a proposed regulatory rule, not a procurement of goods or services. - Government Buyer: - Federal Deposit Insurance Corporation (FDIC) - No OEMs, vendors, or commercial products are referenced, as this is a regulatory action. - Key Proposal Details: - Revises regulations for resolution submissions by insured depository institutions (IDIs) with at least $50 billion in assets, raising the threshold to $100 billion. - Introduces automatic inflation adjustments for the asset threshold. - Reduces and standardizes required content in resolution submissions, focusing on information supporting resolution readiness. - Eliminates the FDIC's credibility assessment and expectations for capabilities testing. - Proposes a three-year submission cycle for affected institutions. - Seeks public input on the appropriateness of the new threshold, submission cycle, and content requirements. - Notable Requirements: - Targeted information on IT architecture, deposit operations, qualified financial contracts, and transition timelines for compliance. - No procurement of products or services is involved in this notice.

Description

The Federal Deposit Insurance Corporation (FDIC) is proposing revisions to its regulations requiring resolution submissions by insured depository institutions (IDIs) with at least $50 billion in total assets. The proposed rule would raise and automatically update the dollar threshold for applicability to $100 billion, reduce content requirements focusing on information supporting resolution readiness, standardize content requirements, eliminate the FDIC's credibility assessment of submissions, and remove expectations for capabilities testing. Comments on the proposal must be received by August 31, 2026.

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