Fed Eyes Relaxed Living Wills, Revamped Foreign Bank Rules

Law360 (April 8, 2019, 10:03 PM EDT) -- The Federal Reserve Board on Monday approved a pair of proposals that would give big banks a break on their requirements to file "living wills" and would rework how capital, liquidity and other standards are applied to big foreign banks' U.S. arms in line with changes already being considered for their American peers.

Living wills, also known as resolution plans, detail for the Federal Reserve and Federal Deposit Insurance Corp. how a big bank in danger of collapsing could be speedily and safely wound down in bankruptcy. But the Fed's Board of Governors twice voted 4-1 Monday to issue two proposals, one...

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