Fed demands more detailed living wills

Cross-border issues added to 2013 living will requirements

federal reserve

Bank holding companies with operations in the US will be expected to produce more detailed resolution plans – so-called living wills – in 2013, including more careful consideration of what could go wrong as failed banks are wound down.

A total of 11 US banks with more than $250 billion in assets and foreign-owned banks with more than $250 billion in assets held in the US submitted initial resolution plans last year. According to the Dodd-Frank Act, they must now update these on a yearly basis

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here