Comptroller Issues Statement Explaining Vote Against Resolution Plan Feedback for American Express, Reasserts Need for Reforms to Resolution Planning
Comptroller of the Currency Jonathan V. Gould today issued a statement on his vote against a joint resolution plan letter from the Federal Deposit Insurance Corporation and the Federal Reserve Board to American Express and reaffirmed the need for reforms to Dodd-Frank Act Section 165(d) resolution plans.
Comptroller of the Currency Jonathan V. Gould today issued a statement on his vote against a joint resolution plan letter from the Federal Deposit Insurance Corporation and the Federal Reserve Board to American Express and reaffirmed the need for reforms to Dodd-Frank Act Section 165(d) resolution plans.
BELLINGS Intelligence Score: 58
Why it matters
The Comptroller's public dissent on a major bank's resolution plan and call for reforms to resolution planning under Dodd-Frank signals important regulatory scrutiny but lacks immediate broad market impact or confirmed structural change, placing it just below significant regulatory event level.
Sources
OCC
Comptroller Issues Statement Explaining Vote Against Resolution Plan Feedback for American Express, Reasserts Need for Reforms to Resolution Planning
Comptroller of the Currency Jonathan V. Gould today issued a statement on his vote against a joint resolution plan letter from the Federal Deposit Insurance Corporation and the Federal Reserve Board to American Express and reaffirmed the need for reforms to Dodd-Frank Act Section 165(d) resolution plans.