Large-Bank Deposit Insurance Determination Modernization
Key claim: The FDIC proposes to consolidate and update its deposit insurance recordkeeping rules for large banks and index key regulatory thresholds to inflation to reduce compliance burdens while maintaining resolution readiness.
Abstract
(Proposed Rule · Federal Deposit Insurance Corporation) The FDIC is seeking comment on a proposal that would: remove the regulation regarding recordkeeping for timely deposit insurance determination; revise the regulation regarding large-bank deposit insurance determination modernization to modify the requirements that, following rescission of the preceding regulation, would generally apply to institutions currently subject to the preceding regulation, with certain modifications, and clarify its requirements to better align the burdens of the rule with the benefits; and revise the regulation regarding indexing of specified regulatory thresholds to index the thresholds to inflation in the regulation regarding large-bank deposit insurance determination modernization.
Why this matters
The proposal could change which large banks face specialized deposit insurance recordkeeping requirements and how they maintain the records needed for insurance determinations after a failure. It seeks to reduce compliance burdens while preserving resolution readiness; it is not a final rule or a proposal to increase deposit insurance coverage limits.