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The �౦��Ϸ���� today took action to modify its approach to insured depository institution (IDI) resolution planning. The purpose of this action is to focus the IDI resolution planning process on the operational information most relevant for the �౦��Ϸ���� to (1) resolve a large bank through a weekend sale or (2) operate the institution for a short period of time while rapidly marketing the institution.  

For full resolution submissions during the upcoming submission cycle, the �౦��Ϸ���� has exempted IDIs from certain content requirements, such as the requirements to utilize a bridge bank strategy and a hypothetical failure scenario in the plan.  

“The 2023 bank failures served as a reminder of how costly and damaging a bridge bank solution can be,” said Acting Chairman Travis Hill. “Today’s action is one step in shifting our approach towards maximizing the likelihood of a lower cost and more stabilizing resolution for large regional banks.” 

In addition, the �౦��Ϸ���� has issued an updated set of frequently asked questions (FAQs) describing the exemptions and clarifying certain expectations. The �౦��Ϸ���� is continuing to evaluate other provisions in the IDI Rule, and their applicability to different cohorts of banks, and may issue additional FAQs at a later date.