‘Living wills’ show some G-Sibs will be simpler to resolve
Four big banks reported fewer wind-up entities in 2019 resolution plans compared with 2017
Four of the eight too-big-to-fail US banks narrowed the scope of their resolution plans, also known as ‘living wills’, in 2019.
The aggregate number of material entities (MEs) – those units deemed critical to a lender’s operations – listed by the global systemically important banks (G-Sibs) fell to 166 from 170 in 2017.
JP Morgan pared its number of MEs the most, listing 24 in its 2019 plan
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