The Federal Deposit Insurance Corporation (FDIC) and the Board of Governors of the Federal Reserve recently released the public sections of the annual resolution plans for eleven systemically important financial services firms. The plans describe the companies' strategy for rapid and orderly resolution in the event of material financial distress or failure.

While the plans vary widely in their approach and level of specificity, the framework provided by the regulators requires each institution to provide a "Description of material management information systems" as a separate section of the public summary. This allows an interesting opportunity to find out how these firms are approaching complex issues like risk management, management reporting and data governance through the lens of planning for worst-case scenarios. ... Read full story on Wall Street & Technology


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