Living Wills: A User’s Guide To Dodd-Frank’s Bequest to Banks
In 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. While many of its provisions have received greater publicity — such as the Orderly Liquidation Authority of Title...
View ArticleFDIC to Consider Final Rule on Living Wills
As detailed here, on Tuesday September 13, the FDIC is slated to give final consideration on “Resolution Plans” — better known as “living wills” — for instutations with $50 BN or more in assets. The...
View ArticleLiving Wills: FDIC Modifies, Finalizes Rules
The final rule modifies the prior proposed rule in a number of ways and generally reduces the burden on financial institutions – though the burden remains significant. Continue reading →
View ArticleFederal Reserve Approves Final Living Will Rule
On October 16, 2011 the Federal Reserve signed off on the Final Rule regarding so-called living wills for large financial institutions. The Federal Reserve approved the same rules approved by the FDIC...
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