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

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