Federal Reserve, FDIC release public sections of banks resolution plans

The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) released the public sections of resolution plans for 15 large banks, including five domestic and 10 foreign banks.

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The resolution plans, commonly known as living wills, describe a firm’s strategy for orderly resolution under bankruptcy in the event of material financial distress or failure. Each of the firm’s individual plans are mostly confidential, although they each must include a public section that provides a summary of elements of the resolution plan.

Resolution plans are required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The large banks were required to submit resolution plans by Oct. 1, 2025.

In addition, the Federal Reserve Board and the FDIC released a public summary of Capital One Financial Corporation’s interim update to its resolution plan. This update was filed with the agencies following Capital One’s recent acquisition of Discover Financial.

Capital One will file a full resolution plan with a public section by July 1, 2026.

The public sections of the resolution plans and the Capital One update are available on the FDIC‘s and the Federal Reserve Board‘s websites.