BOSTON--(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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171219006302/en/
State Street Corporation
Julie Kane, +1 617-664-3001
JEKane@statestreet.com
@StateStreet
Source: State Street Corporation