The Big Banks’ Living Wills: Explaining the Unknowable
filed in Daily Buzz News on Nov.30, 2009
Michael Terry submits:
Thirty giant financial institutions were selected by the FSB for cross-border systemic-risk oversight and will be asked to write "living wills" that outline wind-down plans in the aftermath of a crisis.
North America: Goldman Sachs (GS), JPMorgan (JPM), Bank of America (BAC), Royal Bank Of Canada (RY).