Liquidation value and Living will: Difference between pages

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imported>Doug Williamson
(Expand. Source: PRA: http://www.bankofengland.co.uk/pra/Documents/publications/ps/2015/ps115.pdf)
 
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The amount that may be realised if an asset or a group of assets is sold separately from the organisation that has been using them.
1.  


Also known as the break-up value.
A contingency plan of how a significant financial institution could be wound up in an orderly manner in the event of a collapse.


== See also ==
A requirement of the US Dodd-Frank financial reform law applied to financial institutions with total consolidated assets of $50 billion or more
* [[Going concern]]
and non-bank financial companies supervised by the Federal Reserve.


Similar requirements apply in other jurisdictions, in relation to institutions considered to be significant.
''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==
* [[Bank supervision]]
* [[Dodd-Frank]]
* [[Recovery plan]]
* [[Resolution]]
[[Category:Compliance_and_audit]]

Revision as of 09:40, 21 September 2016

1.

A contingency plan of how a significant financial institution could be wound up in an orderly manner in the event of a collapse.

A requirement of the US Dodd-Frank financial reform law applied to financial institutions with total consolidated assets of $50 billion or more and non-bank financial companies supervised by the Federal Reserve.

Similar requirements apply in other jurisdictions, in relation to institutions considered to be significant.

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