Regulators’ Rebuke of ‘Living Wills’ Proves Dodd-Frank Is Working

American Banker
August 15, 2014

The Federal Reserve Board, and especially the Federal Deposit Insurance Corp., have demonstrated exemplary leadership in their rebuke of big banks’ so-called living wills.

The agencies announced earlier this month that the resolution plans of the country’s 11 largest banks were inadequate, concluding that they could not be unwound in an orderly manner without a government bailout…Read More

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