FDIC Releases Comprehensive Report On Orderly Resolution of Global Systemically Important Banks

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The Federal Deposit Insurance Corporation (FDIC) has released a report outlining its plan for managing the resolution of large and complex financial institutions under the Dodd-Frank Wall Street Reform and Consumer Protection Act. According to the report, the FDIC's goal is to achieve an orderly resolution of such institutions without relying on taxpayer support. The plan focuses on using authorities under Title II of the Dodd-Frank Act, particularly for resolving Global Systemically Important Banking Organizations (GSIBs). The report provides background on resolution-related authorities, highlights key measures for preparation and implementation, reviews strategic decision-making, and explains how the FDIC will resolve a U.S. GSIB using a Single Point of Entry strategy.