Topic: living wills

Doc of the Day: Living Wills: The Final Rule — A User Guide

Morrison & Foerster’s comprehensive guide to the FDIC living wills rule: “With a final rule recently approved by the Federal Reserve Board of Governors (‘FRB’) and the Federal Deposit Insurance Corporation (‘FDIC’), and a related interim rule applying to covered insured depository institutions, every covered company, U.S. and worldwide, should now begin its early-stage resolution… Read more »

Dodd-Frank Update: FDIC Final Rule for “Living Wills”

On September 13, the Federal Deposit Insurance Corporation approved its final rule requiring banks and other financial institutions to file “living wills:” road maps for rapidly liquidating the institutions in the event of severe financial distress. For your reference, a roundup of legal commentary and analysis regarding the rule, from leading law firms on JD… Read more »