US bank regulators find no shortcomings in 15 living wills

This is a compliance box ticked, not a clean bill of health for the wider system. The review covers only the largest institutions, so the resolvability of smaller banks and non-bank financial firms — where stress has tended to surface — remains untested by this exercise. The open question is whether regulators extend the same scrutiny to entities outside the $250 billion threshold, and whether a no-shortcomings verdict holds up when a resolution plan is tested by an actual failure rather than a paper review.