Living will: Difference between revisions
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imported>Doug Williamson m (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) |
imported>Doug Williamson (Updated 1 with latest requirements. Source: https://www.federalreserve.gov/bankinforeg/resolution-plans.htm) |
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A contingency plan of how a financial institution could be wound up in the event of a collapse. | 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 | 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.'' | ''Also known as a Resolution plan.'' | ||
Revision as of 13:21, 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.
