The Federal Reserve Board and Federal Deposit Insurance Corporation found no shortcomings or deficiencies in resolution plans submitted by 15 banking organizations in October 2025. The agencies published their feedback letters on September 29, 2026, and said BNP Paribas had satisfactorily addressed a shortcoming identified in its 2021 plan.
Key Takeaways
- The joint review covered 15 banking organizations with more than $250 billion in assets.
- The agencies identified no shortcomings or deficiencies in the October 2025 submissions.
- A previously identified shortcoming in BNP Paribas’s 2021 resolution plan has been satisfactorily addressed.
Table of Contents
- Resolution plan feedback covers October 2025 submissions
- BNP Paribas addresses earlier shortcoming
- Conclusion
Resolution plan feedback covers October 2025 submissions
The findings followed a joint review by the two agencies. Resolution plans, often called living wills, set out how a banking organization would pursue an orderly resolution if it experienced material financial distress or failed.
The publication included individual feedback letters for American Express Company, Barclays PLC, BNP Paribas, Deutsche Bank AG and UBS Group AG. The agencies also published a template letter for Category II and III firms whose resolution plans were due in October 2025.
BNP Paribas addresses earlier shortcoming
Alongside the findings on the 2025 submissions, the agencies separately determined that BNP Paribas had satisfactorily addressed the shortcoming previously identified in its 2021 resolution plan. That determination concerns an earlier submission, distinct from the latest review.
Conclusion
The review found no shortcomings or deficiencies in the latest submissions, while the separate BNP Paribas determination resolved the previously identified 2021 issue.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
