Big Banks Must Give Global Exposure Info In 'Living Wills'

Law360, New York (April 15, 2013, 6:50 PM EDT) -- U.S. regulators on Monday asked large banks to provide more information about their derivative exposures and potential complications with international regulators when they submit their next round of so-called living wills later this year.

The Federal Reserve and the Federal Deposit Insurance Corp. said in a joint release that they wanted to see an increased focus from the banks that have already submitted resolution plans on international issues, ranging from the potential for regulators in other countries to step in in the case of a major...
To view the full article, register now.