Federal Reserve Board – Agencies publish resolution plan feedback letters for 15 banking organizations

The Federal Deposit Insurance Corporation and the Federal Reserve Board today published feedback letters for resolution plans submitted in October 2025. The agencies did not identify any shortcomings or deficiencies in these resolution plan submissions.

Resolution plans, also known as living wills, describe a banking organization’s strategy for orderly resolution in the event of material financial distress or failure. The agencies conducted a joint review of the 2025 resolution plan submissions from 15 banking organizations with over $250 billion in assets.

In addition, the agencies determined that the shortcoming previously identified in the 2021 BNP Paribas resolution plan has been satisfactorily addressed.