Large Financial Institutions: The ”Living Wills” Requirement and Economic Issues Associated with ”Too Big To Fail”

Franklin Pierce (Editor)

Series: Financial Institutions and Services
BISAC: BUS062000

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$172.00

Volume 10

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Special issue: Resilience in breaking the cycle of children’s environmental health disparities
Edited by I Leslie Rubin, Robert J Geller, Abby Mutic, Benjamin A Gitterman, Nathan Mutic, Wayne Garfinkel, Claire D Coles, Kurt Martinuzzi, and Joav Merrick

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One of the chief objectives of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA) is to promote financial stability within the United States, without the need for emergency governmental assistance to troubled firms. This book reviews the legal structure of the DFA’s living will requirements; and examines some of the steps that these institutions might voluntarily take, which, in the view of the FRB and FDIC, would improve their resolvability, including strategic divestiture; legal reorganization; amendment of default trigger provisions of qualified financial contracts; and increasing their long-term, unsecured debt as a proportion of their assets. (Imprint: Nova)

Preface

Chapter 1 - "Living Wills": The Legal Regime for Constructing Resolution Plans for Certain Financial Institutions (pp. 1-40)
David H. Carpenter

Chapter 2 - A Credible Case for Resolving Through Bankruptcy (pp. 41-54)
Thomas M. Hoenig

Chapter 3 - Statement of Daniel K. Tarullo, Member, Board of Governors of the Federal Reserve System. Hearing on ''Wall Street Reform: Assessing and Enhancing the Financial Regulatory System'' (pp. 55-68)

Chapter 4 - Statement of Martin J. Gruenberg, Chairman, Federal Deposit Insurance Corporation. Hearing on ''Wall Street Reform: Assessing and Enhancing the Financial Regulatory System'' (pp. 69-90)

Chapter 5 - Systemically Important or "Too Big to Fail" Financial Institutions (pp. 91-170)
Marc Labonte

Index

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