Banks · Wednesday, September 30, 2026
Fed and FDIC find no shortcomings in 15 banks’ living wills
The File desk · Sep 30, 2026, 10:10 AM UTC
Status
Confirmed (Federal Reserve and FDIC joint release, Sept. 29, 2026)
On Sept. 29, 2026, the Federal Reserve and the Federal Deposit Insurance Corporation said 15 large banks’ plans for how they would be wound down in a crisis look acceptable. The agencies did not identify any shortcomings or deficiencies in the October 2025 filings. The banks are organizations with more than $250 billion in assets. The agencies said BNP Paribas satisfactorily addressed a shortcoming from its 2021 plan. Letters linked on the release include American Express, Barclays, BNP Paribas, Deutsche Bank, and UBS.
The joint release went out at 4:00 p.m. Eastern on Sept. 29, 2026.
The agencies reviewed 2025 resolution plans from 15 banking organizations with more than $250 billion in assets.
Their sentence: “The agencies did not identify any shortcomings or deficiencies in these resolution plan submissions.”
They said a shortcoming in BNP Paribas’s 2021 plan was satisfactorily addressed.
The release page links letters for American Express, Barclays, BNP Paribas, Deutsche Bank, and UBS.
The full list of 15 is not spelled out beyond those letters and the category of firms in the joint headline.
A resolution plan is a living will: a bank’s written plan for failure. This release is feedback on those plans. It is not a new enforcement case.
What is still unknown or disputed
- Firm-by-firm comments inside the PDF letters.
- The exact names of all 15 organizations beyond the five letters linked on the release page.
Primary sources
Every claim in this story is drawn from the documents below. If a fetch failed, that is recorded on the card.
Source 1
Agencies publish resolution plan feedback letters for 15 banking organizations
Federal Reserve Board and Federal Deposit Insurance Corporation · September 29, 2026
The agencies did not identify any shortcomings or deficiencies in these resolution plan submissions. Joint review of 2025 plans from 15 organizations with over $250 billion in assets. A prior BNP Paribas 2021 shortcoming was satisfactorily addressed.
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20260929a.htm