FDIC Releases Public Portion Of SIFI’s ‘Living Wills’

The Federal Reserve Board and the Federal Deposit Insurance Corp (FDIC) released the public portions of 17 bank resolution plans, a requirement for all banks with more than $50 billion in assets under the Dodd-Frank Act as well as some non-bank financial organizations designated as systemically important financial institutions by the Financial Stability Oversight Council (FSOC).

FDIC - Largest banks have to submit mid-year; others have until December

The resolution plans are an attempt to directly address too-big-to-fail by forcing banks to explain how they could be wound down in an orderly manner if their business fails. Hopefully we won’t have...