Mr Cooper Group Inc (COOP)

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FDIC: Resolution-Related Resource Requirements for Large Banking Organizations

Federal Deposit Insurance Corporation
Proposed Rules
Resolution-Related Resource Requirements for Large Banking Organizations
Filed on:10/21/2022 at 8:45 am
Scheduled Pub. Date:10/24/2022FR Document:2022-23003

FEDERAL RESERVE SYSTEM
12 CFR Chapter II
[Docket No. R-1786]
RIN 7100-AG44
FEDERAL DEPOSIT INSURANCE CORPORATION
12 CFR Chapter III
RIN 3064-AF86

Resolution-Related Resource Requirements for Large Banking Organizations
AGENCY: Board of Governors of the Federal Reserve System, Federal Deposit
Insurance Corporation.

ACTION: Advance notice of proposed rulemaking; request for comment.

SUMMARY: The Board of Governors of the Federal Reserve System (Board) and
Federal Deposit Insurance Corporation (FDIC) (together, the agencies) are publishing for
public comment this advance notice of proposed rulemaking (ANPR) to solicit public
input regarding whether an extra layer of loss-absorbing capacity could improve
optionality in resolving a large banking organization or its insured depository institution,
and the costs and benefits of such a requirement. This may, among other things, address
financial stability by limiting contagion risk through the reduction in the likelihood of
uninsured depositors suffering loss, and keep various resolution options open for the
FDIC to resolve a firm in a way that minimizes the long term risk to financial stability
and preserves optionality. The agencies are seeking comment on all aspects of the ANPR
from all interested parties and also request commenters to identify other issues that the
Board and FDIC should consider.

DATES: Comments must be received on or before [INSERT DATE ?? DAYS AFTER

DATE OF PUBLICATION IN THE FEDERAL REGISTER].

See link below for actual document. It's pretty large.

https://public-inspection.federalregister.gov/2022-23003.pdf