The Federal Reserve also has helped improve the resolvability of the largest banking firms by requiring U.S. G-SIBs and the U.S. intermediate holding companies of foreign G-SIBs to meet long-term debt and total loss absorbing capacity (TLAC) requirements.
As a matter of fact, the Pilot Regime entered into force on March 23. This is a legal framework that supports those who want to use DLTs to issue, trade, regulate and store assets.