"We commend the FDIC for today's proposals to streamline bank resolution documentation and adjust deposit insurance assessments. ABA has long called for reforms to ensure bank resolutions are data-driven and focused on the key operational information needed to facilitate orderly resolutions without placing unreasonable requirements on banks, and the proposal unveiled today is in that spirit. Likewise, we welcome the proposal to adjust the methodologies for deposit insurance assessments and ensure that they are indexed going forward. Further, we appreciate the FDIC's efforts to adjust assessment rates to better reflect the level needed to build and maintain a stable Deposit Insurance Fund. We will carefully review today's proposals with our members, and we look forward to offering our perspective during the comment process."
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About the American Bankers Association
The American Bankers Association is the voice of the nation's $26.1 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.5 trillion in deposits and extend $13.7 trillion in loans.