Tag Archives: Federal Reserve

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

FDIC 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 proposed rule would require all … 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