Living wills proposals met with dismay by large US banksBy Bill Lumley
September 7, 2023
Plans by US regulators to impose “harmful” long-term debt obligations on large banks have come under attack from industry bodies.
The Federal Reserve has published a consultation on ‘living wills’ – a bank’s strategy for orderly resolution in the event of material financial distress –
Proposed changes to US capital requirements will threaten the “business viability” of certain banking units, experts say. The warning follows the release on July 27 of a sweeping set of...Read more