Living Wills for Systemically Important Financial Institutions : Some Expected Benefits and Challenges, No. 15-08

Name: Living Wills for Systemically Important Financial Institutions : Some Expected Benefits and Challenges, No. 15-08
Creator: FRASER
Keywords: Federal Reserve Bank of Richmond, Federal Reserve Research Publications

Jarque, Arantxa; Price, David A.

Home > Browse by Title > Economic Brief

Title:

Living Wills for Systemically Important Financial Institutions : Some Expected Benefits and Challenges, No. 15-08

PREVIOUS | NEXT

Living Wills for Systemically Important Financial Institutions : Some Expected Benefits and Challenges, No. 15-08

DATE: August 2015

PART OF:

Economic Brief

AUTHORS:

CONTRIBUTING AUTHOR:

Federal Reserve Bank of Richmond

ABSTRACT: The Dodd-Frank Act requires systemically important financial institutions to create resolution plans, or "living wills", that bankruptcy courts can follow if these institutions fall into severe financial distress. The plans must set out a path for resolution without public bailouts and with minimal disruption to the financial system. While living wills can, in this way, help to curb the "too big to fail" problem, regulators face a number of challenges in achieving this goal. The authority granted to regulators by the Act, including the power to make systemically important institutions change their structures, offers promising means of addressing these challenges.

Download (pdf) View Full Text

Share this page:

Save & Share

less

Jarque, Arantxa , Price, David A. and Federal Reserve Bank of Richmond. "Living Wills for Systemically Important Financial Institutions : Some Expected Benefits and Challenges, No. 15-08," Economic Brief (August 2015). https://fraser.stlouisfed.org/title/6034/item/583939, accessed on January 18, 2021.

More Information

less

THEMES:

Metadata (XML) Metadata (JSON)