Living Wills Give Banks A Chance To Uncover Own Weak Spots

Law360, New York (June 27, 2012, 8:31 PM EDT) -- Up to nine of the world's largest financial institutions will submit "living wills" to federal regulators Sunday that provide a blueprint for taking them apart during a crisis, a process attorneys say has helped institutions understand their own weaknesses.

While regulators will need to use the blueprints of how banks are structured to determine the fastest and safest way to wind them down in the event of a failure, banks themselves have developed a greater understanding of how they are built and where they need to...
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