Big Banks Face Potential Broader Recovery Plan Rules

By Gregory Lyons, Elie Worenklein and Jonathan Steinberg ( June 24, 2024, 5:03 PM EDT) -- In a speech on May 27, acting Comptroller of the Currency Michael J. Hsu stated that expanding the application of the Office of the Comptroller of the Currency's recovery guidelines to all large banks under OCC oversight — i.e., national banks, federal savings banks and federal branches — with at least $100 billion in assets "warrants serious consideration."[1]...

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