News
Bloomberg | Big Banks’ ‘Living Wills’ Get Failing Grade
Wall Street banks spent two years asking U.S. regulators what they should put in hypothetical bankruptcy plans to prove they aren’t “too big to fail.” The agencies broke their silence yesterday with a grade: Fail.
Econ Comments & Analysis
Real Clear Markets | The Real 'Systemic Risk' Is the FDIC's Broken Resolution Process
There are many complicated and potentially costly issues that must be solved before a large bank could be successfully dismantled and sold in pieces in an FDIC resolution. However, these issues are merely a subset of the issues the FDIC must solve if it is going to undertake a Title II resolution of the largest, most complex and internationally active institutions and downsize them in the resolution process.
