Large financial institutions : the "living wills" requirement and economic issues associated with "too big to fail" / Franklin Pierce, editor.

Format:

Book

Contributor:

Pierce, Franklin, editor.

Series:

Financial institutions and services.

Financial institutions and services

Language:

English

Subjects (All):

Financial institutions.

Living wills.

Physical Description:

1 online resource (191 p.)

Place of Publication:

New York : Nove Publishers, [2015]

Language Note:

English

Summary:

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 inc

Contents:

INITIAL SUBMISSIONS FOR COVERED FINANCIAL INSTITUTIONS WITH LESS THAN 250 BILLION IN NONBANK ASSETS AND REGULATORY RESPONSESTEPS 11 FIRST-WAVE FILERS COULD TAKE TO ENHANCE RESOLVABILITY, AS RECOMMENDED BY THE FRB AND FDIC; Chapter 2: A CREDIBLE CASE FOR RESOLVING THROUGH BANKRUPTCY; INTRODUCTION; ORIGINS OF TOO BIG TO FAIL; LIVING WILLS; BUILDING CREDIBILITY; CAPITAL; LIQUIDITY; STRUCTURE AND CROSS-BORDER CHALLENGES; CONCLUSION; CONSOLIDATION OF THE CREDIT CHANNEL; GLOBAL CAPITAL INDEX

Chapter 3: STATEMENT OF DANIEL K. TARULLO, MEMBER, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. HEARINGON ''WALL STREET REFORM: ASSESSINGAND ENHANCING THE FINANCIALREGULATORY SYSTEM''RECENT DODD-FRANK ACT IMPLEMENTATION MILESTONES; KEY REGULATORY PRIORITIES; RATIONALIZING THE REGULATORY FRAMEWORK FOR COMMUNITY BANKS; CONCLUSION; Chapter 4: STATEMENT OF MARTIN J. GRUENBERG, CHAIRMAN, FEDERAL DEPOSIT INSURANCE CORPORATION. HEARING ON ''WALL STREET REFORM: ASSESSINGAND ENHANCING THE FINANCIAL REGULATORY SYSTEM''; CAPITAL, LIQUIDITY AND DERIVATIVE MARGIN REQUIREMENTS

RESOLUTION OF SYSTEMICALLY IMPORTANTFINANCIAL INSTITUTIONSRISK RETENTION; VOLCKER RULE IMPLEMENTATION; COMMUNITY BANKS; CONCLUSION; STATUS OF FDIC DODD-FRANK ACT RULEMAKINGS AUGUST 2014; Chapter 5: SYSTEMICALLY IMPORTANT OR ""TOO BIG TO FAIL"" FINANCIAL INSTITUTIONS; SUMMARY; INTRODUCTION; ECONOMIC ISSUES; POLICY OPTIONS; SELECTED LEGISLATION IN THE 113TH CONGRESS; CONCLUSION; APPENDIX. SELECTED HISTORICAL EXPERIENCES WITH ""TOO BIG TO FAIL""; INDEX

Notes:

Includes index.

Description based on online resource; title from PDF title page (ebrary, viewed May 4, 2015).

ISBN:

1-63482-262-5