General
GEN 1. Sufficiency of Remediation
Q. Can the Agencies confirm that the action steps we have outlined will remediate our deficiency and/or meet 2017 Guidance expectations?
A. Agency staff cannot confirm whether the actions of the firm are adequate to remediate a deficiency or satisfy the 2017 Guidance. Authority and decision-making relative to resolution plan determinations rest with the respective Boards of the FDIC and Federal Reserve.
GEN 2. October Submission--Public Portion
Q. We have received inquiries regarding the timing of the Agencies' posting of the public portions of the October submissions on their websites, and whether the Agencies would object if a firm were to publish the public portion of its October submission prior to that time.
A. The Agencies intend to post the public portions of the October submissions on their respective websites shortly after the October 1, 2016, due date for the submissions. The Agencies will notify the firms in advance of the intended posting date. The Agencies have no objection to a firm publishing the public portion of its October submission prior to or simultaneous with the posting of such portion by the Agencies.
GEN 3. October Submission Presentation
Q. Do the Agencies have any preference regarding the presentation of information in the October submission?
A. The Agencies would appreciate receiving submissions that clearly separate or identify the content related to remediation of joint deficiencies, progress on shortcomings, and any other content.