Nine Big Banks Prepare Their Living Wills for Regulators

Wednesday, June 27, 2012

UBS building in New York (Allie Caulfield/flickr)

Nine of America’s biggest banks are being asked to submit plans for how they could be dismantled by the government if the bank was near default. The proposals are a sort of living will for banks.

Some politicians and economists who favor regulation hope that these wills can help address the idea that some financial institutions are too big to fail.

Amy Friend is the managing director of Promontory Financial, and was the chief counsel to the Senate Committee on Banking when Dodd-Frank was being drafted.

Guests:

Amy Friend

Produced by:

John Light

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.