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VDA WEEKLY EMAILING August 1, 2017, Table of Contents ACL News & Information Link NAS UAD State Technical Assistance Link No Wrong Door CapacityBuilding Funding Opportunity No Wrong Door CapacityBuilding
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What is single point of entryno?
Single point of entryno refers to a regulatory requirement for certain financial institutions to have a single point of entry plan in place in case of distress.
Who is required to file single point of entryno?
Financial institutions that are designated as systemically important by regulatory authorities are required to file a single point of entry plan.
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The single point of entry plan is typically filled out by senior management and compliance officers of the financial institution in accordance with regulatory guidelines.
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The purpose of the single point of entry plan is to provide a framework for resolving a distressed financial institution in an orderly manner to minimize the impact on the financial system.
What information must be reported on single point of entryno?
The single point of entry plan typically includes details on the governance structure, capital structure, liabilities, and assets of the financial institution.
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