OREANDA-NEWS. BNY Mellon today released the following statement in response to the feedback it received from the Federal Deposit Insurance Corporation and the Federal Reserve on its 2015 resolution plan:

"BNY Mellon acknowledges the regulators' feedback and is committed to addressing the issues raised within the required timeframe.  As noted in the regulators' letter, BNY Mellon has taken important steps to enhance the firm's resolvability and facilitate its orderly resolution in bankruptcy.  We remain fully focused on meeting the regulatory expectations to strengthen our plan as part of this iterative process."

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of December 31, 2015, BNY Mellon had $28.9 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).