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Large Banks Submit First Resolution Plans Under Dodd-Frank

2 July 2012 was the deadline for nine of the largest US and foreign banks to submit their first resolution plans to the FDIC and the Federal Reserve Board pursuant to requirements enacted under the Dodd-Frank Act.  An executive summary of each resolution plan will be published by close of business on 3 July 2012.  Smaller institutions will have until 2013 to submit their first resolution plans.  The banks which are subject to the initial deadline are:

  • Bank of America Corporation
  • Barclays PLC
  • Citigroup Inc
  • Credit Suisse Group AG
  • Deutsche Bank AG
  • Goldman Sachs Group Inc
  • JP Morgan Chase & Co
  • Morgan Stanley & Co LLC
  • UBS AG
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