The FDIC recently finalized two items of guidance for triennial full filer Title I resolution plans (originally proposed last year) and announced the extension of the 2025 resolution plan submission deadline for triennial full filers to October 1, 2025. We expect that the Federal Reserve Board will approve the guidance and the submission deadline shortly. The finalized guidance largely tracks the proposal and reiterates that the FDIC and FRB are not prescribing a specific resolution strategy.

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