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Federal Deposit Insurance Corporation Board of Governors of the Federal Reserve SystemGuidance for 2017 165’d) Annual Resolution Plan Submissions By Domestic Covered Companies that Submitted Resolution

How to fill out 165d annual resolution plan

How to fill out 165d annual resolution plan:

1. Gather all necessary information: Before starting to fill out the 165d annual resolution plan, ensure you have all the required information on hand. This may include financial statements, previous resolution plans, board meeting minutes, and any other relevant documents.
2. Review the previous resolution plan: Take some time to review the previous year's resolution plan. This will give you an idea of the format and content expected in the current plan. Identify any changes or updates that need to be made based on the organization's current situation.
3. Identify goals and objectives: Clearly define the goals and objectives of the resolution plan. This should include specific targets or outcomes that your organization aims to achieve during the upcoming year.
4. Assess risk factors: Evaluate the potential risks and challenges that your organization may face in the next year. Analyze financial, operational, and strategic risks, and outline appropriate actions to mitigate or manage these risks effectively.
5. Develop action plans: Break down the goals and objectives into actionable steps. Assign responsibilities to staff or teams for each action item. Specify timelines and milestones to measure progress and track the implementation of the plan.
6. Include financial projections: Provide a detailed financial projection for the upcoming year. This may include revenue forecasts, expense budgets, and cash flow projections. Ensure these projections align with the goals and objectives outlined in the plan.
7. Address governance matters: Discuss and address any governance matters relevant to your organization. This may include board composition, the appointment or reappointment of board members, and any changes to key policies or procedures.
8. Seek input and approval: Share the draft resolution plan with relevant stakeholders, such as board members, executives, and key personnel. Seek their input, feedback, and suggestions for improvement. Revise the plan accordingly.
9. Finalize the plan: Make any necessary revisions based on the feedback received, and finalize the 165d annual resolution plan. Ensure that it is comprehensive, concise, and aligned with the organization's strategic priorities.

Who needs 165d annual resolution plan?

1. Non-profit organizations: Non-profit organizations often require a 165d annual resolution plan to set clear objectives, assess risks, and identify necessary actions for the upcoming year. This plan serves as a roadmap for the organization's governance and operational activities.
2. Corporate entities: Corporate entities, especially those with multiple shareholders or subsidiary companies, may need a 165d annual resolution plan to ensure effective governance and decision-making processes. The plan helps align various stakeholders' interests and outlines key strategic initiatives.
3. Government organizations: Government organizations may also utilize a 165d annual resolution plan to establish goals, monitor progress, and allocate resources effectively. This plan helps government entities achieve their mandated objectives and deliver public services efficiently.

Note: The need for a 165d annual resolution plan may vary based on the jurisdiction and specific requirements of the organization. It is advisable to consult legal or regulatory experts to determine the exact applicability in your situation.

For pdfFiller’s FAQs

What is 165d annual resolution plan?

The 165d annual resolution plan is a requirement under the Dodd-Frank Act for certain financial institutions to outline how they would be resolved in the event of financial distress.

Who is required to file 165d annual resolution plan?

Large financial institutions such as banks and insurance companies that are considered systemically important are required to file the 165d annual resolution plan.

How to fill out 165d annual resolution plan?

To fill out the 165d annual resolution plan, financial institutions must provide detailed information on their operations, structure, and strategies for resolution in case of distress.

What is the purpose of 165d annual resolution plan?

The purpose of the 165d annual resolution plan is to ensure that systemically important financial institutions have a clear plan in place for how they would be resolved without causing significant disruption to the financial system.

What information must be reported on 165d annual resolution plan?

The 165d annual resolution plan must include information on the institution's legal entity structure, governance framework, material entities, funding, and capital structure, among other things.

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