Skip to main content

Newsroom

January 28, 2013

US regulators warn banks on living wills

“US regulators have warned banks not to assume that countries will work together to avoid the catastrophic failure of a financial group.

The alert to the world’s biggest international financial institutions followed growing concerns about the progress of global regulatory reform efforts.

The guidance to banks preparing “living wills” to ensure a more orderly wind-down in a future Lehman Brothers scenario came as the Financial Stability Board, a group of central bankers and regulators, prepares to meet on Monday to discuss the resolution regime.

New versions of the living wills, or resolution plans, are due to be filed in the summer. The Federal Reserve and Federal Deposit Insurance Corporation have told banks that they should not do as many did in the first round last year and count on regulators to co-operate.”

***

Read full Financial Times article here

 
 
 
In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today