Living will

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Revision as of 13:31, 25 January 2014 by imported>Doug Williamson (Added see also to Dodd-Frank. Added to item 1 'Also known as a Resolution plan', as per Board of Fed Reserve http://www.federalreserve.gov/bankinforeg/resolution-plans.htm)
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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.

Also known as a Resolution plan.


2.

A set of instructions which specifies what actions are to be taken if an individual becomes unable to act personally due to illness or incapacity.

Also known as an advance decision.


See also

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