BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has filed its 2017 resolution plan.
State Street, along with other banking institutions with $50 billion or more in total assets, periodically prepares and files its resolution plan, commonly referred to as a “living will,” with the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation. The resolution plan details State Street’s efforts to enhance resolvability across its business in line with 2017 regulatory guidance. The Public Section of State Street’s resolution plan can be found in the Investor Relations section of its website, 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 $29.8 trillion in assets under custody and administration and $2.6 trillion* in assets under management as of March 31, 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.
* Assets under management include approximately $33 billion as of March 31, 2017, for which State Street Global Markets, LLC, an affiliate of SSGA, serves as the distribution agent.