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Reported Sep 29, 2026Quickanomics write-up updated Oct 11, 2026, version 42 min read
Follow the developing storyExpanded original Quickanomics reporting with the source’s material findings, comparisons and qualifications at all three reading depths.
The Fed and FDIC’s review covers plans submitted by 15 large banks, and clears a previously identified BNP Paribas issue.
The Federal Reserve and FDIC have completed their review of resolution plans submitted in October 2025 by 15 large banks, finding no deficiencies or shortcomings in the reviewed submissions.
The September 29 announcement covers institutions with more than US$250 billion in assets. It is a result for a defined set of large-bank plans, rather than a general assessment of every bank’s condition.
Resolution plans describe a strategy for dealing with a firm’s failure in an orderly way. Their purpose is to prepare a path through a possible failure, making the review different from a forecast of profitability or a prediction that the institution will remain solvent indefinitely.
The agencies also determined that BNP Paribas had resolved the shortcoming identified in its 2021 plan. That is a distinct finding about remediation of an earlier planning issue, alongside the result for the October 2025 submissions.
The commonly used term “living will” reflects the contingency at the centre of the exercise: how an institution could be resolved if it fails. A successful review of that strategy does not eliminate the possibility of failure, nor does the announcement claim that all financial or operational risks have disappeared.
The substantive result is that the agencies identified neither deficiencies nor shortcomings in this review, and found the specified earlier BNP Paribas issue resolved. The dates of the submissions and the announcement remain separate parts of the account.
Reports from the same original source are not independent confirmation.
The Federal Reserve and FDIC announced on September 29, 2026 that their review of resolution plans submitted in October 2025 by 15 large banks with more than US$250 billion in assets found no deficiencies or shortcomings.
The Federal Reserve and FDIC announced on September 29, 2026 that their review of resolution plans submitted in October 2025 by 15 large banks with more than US$250 billion in assets found no deficiencies or shortcomings.Federal Reserve Board: Agencies publish resolution plan feedback letters for 15 banking organizations
The agencies also found that BNP Paribas resolved the shortcoming identified in its 2021 plan. Resolution plans set out a strategy for orderly resolution if a firm fails; the review result is not a guarantee that a bank cannot fail.
The agencies also found that BNP Paribas resolved the shortcoming identified in its 2021 plan. Resolution plans set out a strategy for orderly resolution if a firm fails; the review result is not a guarantee that a bank cannot fail.Federal Reserve Board: Agencies publish resolution plan feedback letters for 15 banking organizations
The feedback does not establish the probability of failure for any reviewed bank.
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