Regulators Cleared Resolution Plans for 15 Banks
The Federal Reserve and FDIC found no deficiencies in the latest resolution plans submitted by major U.S. banks.
Updated on Sept. 29, 2026 in Financial Services
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The Federal Reserve and FDIC have officially published feedback letters for 15 large banking organizations following a joint review. The agencies identified no shortcomings in the plans submitted in October 2025.
Why it matters
These plans, commonly known as living wills, outline how a large financial institution would undergo an orderly resolution during a period of significant financial distress or failure.
All 15 reviewed banking organizations maintain assets exceeding $250 billion. The agencies also confirmed that the specific resolution plan shortcoming identified in the 2021 BNP Paribas submission has been successfully addressed.
The players
Federal Reserve
The Federal Reserve is the central banking system of the United States tasked with conducting monetary policy and overseeing financial institutions.
FDIC
The Federal Deposit Insurance Corporation is an independent agency that maintains stability and public confidence in the nation's financial system.
BNP Paribas
BNP Paribas is a global banking group that was previously cited for a specific shortcoming in its 2021 resolution plan.
The details
The regulatory feedback follows a thorough examination of the strategies banking institutions must maintain to ensure their failure does not trigger systemic instability. The process ensures that firms are prepared for potential insolvency without requiring a taxpayer-funded bailout.
Timeline
The initial BNP Paribas resolution plan was submitted in 2021.
The 15 banking organizations submitted their plans in October 2025.
Federal agencies published the feedback letters on September 29, 2026.
Market Landscape
This regulatory review aligns with the oversight framework mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The successful clearance of these plans highlights the ongoing focus on preventing systemic risk within the U.S. financial sector.
These regulatory reviews help ensure that large financial institutions remain stable and prepared for economic crises, which protects the broader banking system that millions of Americans rely on for daily transactions. Customers of these institutions generally experience no change in their banking services due to this administrative oversight process.
The takeaway
The successful review of these plans indicates that major banks are currently meeting federal expectations for orderly liquidation strategies. Investors and customers can view this as a sign of continued regulatory scrutiny aimed at maintaining long-term financial stability.
Further reading
Learn more about federal oversight in the Financial Services section.
Source note: This article includes information reported by Board of Governors of the Federal Reserve System.
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