Living will: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Spacing 22/8/13) |
imported>Doug Williamson m (Category added 8/10/13) |
||
| Line 11: | Line 11: | ||
''Also known as an advance decision.'' | ''Also known as an advance decision.'' | ||
[[Category:Regulation_and_Law]] | |||
Revision as of 11:00, 8 October 2013
1.
A contingency plan of how a financial institution could be wound up in the event of a collapse.
A requirement of the US Dodd-Frank financial reform law for financial institutions with more than $250 billion in assets.
2.
More generally, a set of instructions which specifies what actions are to be taken if a person is unable to do so due to illness or incapacity.
Also known as an advance decision.
