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- Title
PREPARING LIVING WILLS FOR BANK HOLDING COMPANIES AND DEPOSITORY INSTITUTIONS: AN UPDATE.
- Authors
LYNYAK III, JOSEPH T.; PECK, RODNEY R.
- Abstract
The article discusses the regulations that were adopted in November 2011 by the U.S. Federal Reserve Board and the nation's Federal Deposit Insurance Corporation (FDIC) in regards to the preparation of resolution plans (living wills) for bank holding companies and depository institutions with consolidated assets which exceed 50 billion dollars. Asset tier structuring, the U.S. Bankruptcy Code, and non-bank asset rules are addressed, along with a limited exception for eligible covered companies.
- Subjects
UNITED States; BANK holding companies; BOARD of Governors of the Federal Reserve System (U.S.); FEDERAL Deposit Insurance Corp.; BANKING laws; UNITED States. Bankruptcy; BANKRUPTCY; NONBANK financial institutions -- Law &; legislation; GOVERNMENT policy
- Publication
Banking Law Journal, 2013, Vol 130, Issue 4, p295
- ISSN
0005-5506
- Publication type
Article