State Street Statement on 2017 Resolution Plan
December 19 2017 - 5:16PM
Business Wire
State Street Corporation (NYSE: STT) provided the following
statement on today’s announcement by the Board of Governors of the
Federal Reserve System (Federal Reserve) and the Federal Deposit
Insurance Corporation (FDIC) on the completion of their review of
State Street’s resolution plan submitted in June 2017 under Section
165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection
Act.
The Federal Reserve and FDIC joint announcement made earlier
today indicates that the agencies did not identify any deficiencies
or shortcomings in State Street’s 2017 resolution plan.
The preparation of State Street’s 2017 resolution plan entailed
senior executive oversight and firm-wide engagement across
operations, legal entity governance, capital and liquidity.
Additional details regarding State Street’s 2017 resolution plan
are available at http://investors.statestreet.com/.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $32.1 trillion in assets
under custody and administration and $2.67 trillion* in assets
under management as of September 30, 2017, State Street operates in
more than 100 geographic markets worldwide, including the US,
Canada, Europe, the Middle East and Asia. For more information,
visit State Street’s website at www.statestreet.com.
*AUM reflects approx. $36 billion (as of September 30, 2017)
with respect to which State Street Global Advisors Funds
Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and
State Street Global Advisors are affiliated.
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version on businesswire.com: http://www.businesswire.com/news/home/20171219006302/en/
State Street CorporationJulie Kane, +1
617-664-3001JEKane@statestreet.com@StateStreet
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