Regulators find deficiencies in Credit Suisse resolution plan, shortcomings in BNP Paribas plan

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Banking regulators also identified a shortcoming, which is not as severe as a deficiency, in BNP Paribas’ resolution plan connected to the continuity in resolution of its securities repurchase agreement activity for the bank’s U.S. operations.

Last month, the Fed and FDIC also said Citigroup Inc (NYSE:C) must remediate its living will, saying problems with the bank’s data governance could adversely affect its ability to produce timely and accurate data during a period of financial stress.