Fraud and Living will: Difference between pages
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1. | |||
A | 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 applied to financial institutions with total consolidated assets of $50 billion or more | |||
and non-bank financial companies supervised by the Federal Reserve. | |||
''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== | |||
* [[Dodd-Frank]] | |||
* [[Resolution]] | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Revision as of 15:31, 30 March 2016
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 applied to financial institutions with total consolidated assets of $50 billion or more and non-bank financial companies supervised by the Federal Reserve.
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.
