Living will: Difference between revisions
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imported>Doug Williamson m (Improve wording of 2.) |
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) |
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A requirement of the US Dodd-Frank financial reform law for financial institutions with more than $250 billion in assets. | 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.'' | |||
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''Also known as an advance decision.'' | ''Also known as an advance decision.'' | ||
[[Category: | |||
==See also== | |||
* [[Dodd-Frank]] | |||
[[Category:Compliance_and_audit]] | |||
Revision as of 13:31, 25 January 2014
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.
