On March 6, 2020, the Board of Governors of the Federal Reserve and the Federal Deposit Insurance Corporation proposed for public comment resolution plan guidance for certain large foreign banking organizations with significant U.S. operations.
The proposed guidance would currently be applicable to Barclays, Credit Suisse and Deutsche Bank. In the attached alert memorandum, we discuss the proposed guidance and how it compares to the final guidance for U.S. GSIBs published last year and the previous guidance for large foreign banking organizations.
Please click here to read the full alert memorandum.