U.S. banking regulators publish living will feedback for 15 large banks
U.S. bank resolution planning remains under close regulatory review as the Federal Deposit Insurance Corporation and the Federal Reserve Board release new feedback on the latest round of submissions. The agencies say the 15 banking organizations reviewed show no shortcomings or deficiencies in plans filed in October 2025.
Highlights
- The FDIC and Federal Reserve Board published feedback on October 2025 resolution plans for 15 banks with over $250 billion in assets, identifying no shortcomings or deficiencies.
- BNP Paribas satisfactorily addressed a previously identified shortcoming from its 2021 resolution plan, signaling successful remediation of prior regulatory concerns.
- The clean feedback reinforces confidence in large banks' resolution planning and sets updated supervisory expectations for institutions above the $250 billion asset threshold.
Review findings for 2025 submissions
As reported by Federal Deposit Insurance Corporation, the FDIC and the Federal Reserve Board today publish feedback letters covering resolution plans submitted in October 2025. The joint review covers 15 banking organizations with more than $250 billion in assets, and the agencies say they do not identify any shortcomings or deficiencies in those filings.Resolution plans, also known as living wills, set out how a banking organization can be resolved in an orderly way if it faces material financial distress or failure. The review is part of the U.S. regulatory framework for large bank oversight and resolvability planning.
Implications for large-bank oversight
The agencies also say a shortcoming previously identified in BNP Paribas's 2021 resolution plan has been satisfactorily addressed. That finding indicates the bank has remediated an issue that remained outstanding from an earlier review cycle.The publication of the feedback letters provides large banks and the broader financial sector with an updated signal on supervisory expectations for resolution preparedness. For institutions above the $250 billion asset threshold, clean feedback can help reinforce confidence in existing planning processes while keeping attention on continued compliance with U.S. resolution standards.
Our earlier coverage of the Federal Reserve’s communications debate examined calls for clearer, more structured public guidance on how policymakers think about changing economic conditions. The article highlighted concerns that pulling back too far from explanations could raise uncertainty, increase market volatility and borrowing costs, and weaken confidence in the Fed’s policy framework as officials consider potential changes to their messaging strategy.