Category Archives: Living Wills

Federal 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 on September 13, 2011.  For detailed discussions of … Continue reading

Living 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

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 II and the swap provisions of Title VII — the so-called “living will” provisions of Dodd-Frank are now receiving more focused attention. Continue reading