Text of Recommendation | Develop and consistently maintain comprehensive Orderly Liquidation Authority policies and procedures for systemically important financial companies, to include:
a. Tier I policies and procedures for framework-level activities.
b. Tier II policies and procedures for operational process-level activities.
c. Tier III policies and procedures for institution-specific planning activities.
d. Other operational program policies and procedures for Orderly Liquidation Authority resolution planning activities. |
---|---|
Recommendation Number | 3 |
Recommendation Status | Open |
Significant Recommendation | No |
Submitting OIG | |
---|---|
Linked Report |