Federal Reserve, FDIC publish bank resolution plan feedback for 15 organizations
U.S. banking regulators have released feedback on 2025 living will submissions from 15 large banking organizations, covering firms with more than $250 billion in assets. The review finds no shortcomings or deficiencies in the plans, while also concluding that a prior issue in BNP Paribas's 2021 submission has been resolved.
Highlights
- Federal Reserve and FDIC published feedback on October 2025 resolution plans from 15 banking organizations with over $250 billion in assets.
- The joint review found no shortcomings or deficiencies in the most recent living will submissions, indicating sound resolution planning for large U.S. banks.
- BNP Paribas has satisfactorily addressed a previously identified shortcoming from its 2021 resolution plan, clearing a past regulatory concern.
Review of 2025 living will submissions
As reported by the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Fed today publish feedback letters for resolution plans submitted in October 2025 by 15 banking organizations.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 agencies say their joint review of the latest submissions does not identify any shortcomings or deficiencies.
Regulatory implications for large U.S. banks
The review applies to banking organizations with more than $250 billion in assets, making it a key signal for the regulatory standing of some of the largest firms in the sector.The agencies also determine that a shortcoming previously identified in BNP Paribas's 2021 resolution plan has been satisfactorily addressed, indicating that the firm has remediated an earlier concern raised in the planning process.
In our earlier article on Leonteq’s investment-grade ratings affirmation, we noted that the company kept its 'BBB-' Issuer Default Rating with a stable outlook, supported by its solid Swiss franchise and strengthened risk controls under tighter prudential requirements. We also highlighted that profitability remains under pressure despite some improvement, and that a prolonged shortfall in returns or a drop in the CET1 ratio below management targets could trigger negative rating action.