US OCC chief calls bank living wills “seriously flawed”, abstains from voting
Key takeaways
- US OCC chief calls bank living wills “seriously flawed”, abstains from voting The FDIC and the Federal Reserve Board published feedback letters covering several resolution plans filed in July 2025.
- The FDIC and the Federal Reserve Board published feedback letters covering several resolution plans filed in July 2025.
- Resolution plans, commonly described as living wills, are required to set out how a banking organisation would be resolved in an orderly way if it faced serious financial stress or failure.
US OCC chief calls bank living wills “seriously flawed”, abstains from voting The FDIC and the Federal Reserve Board published feedback letters covering several resolution plans filed in July 2025. Credit: FOTOGRIN/ Shutterstock.com. · Retail Banker International · FOTOGRIN/ Shutterstock.com. Vidhya Edwards Munnangi Mon, May 25, 2026 at 5:48 PM GMT+7 3 min read US Comptroller of the Currency Jonathan V. Gould has abstained from a Federal Deposit Insurance Corporation (FDIC) vote on staff feedback relating to the July 2025 Dodd-Frank Act Section 165(d) resolution plans.
The FDIC and the Federal Reserve Board published feedback letters covering several resolution plans filed in July 2025.
Resolution plans, commonly described as living wills, are required to set out how a banking organisation would be resolved in an orderly way if it faced serious financial stress or failure.