From CNBC: U.S. banks preparing to submit plans on how they can be put to death are pushing regulators to put more emphasis on how to keep them alive. This week, U.S. regulators are set to unveil a final rule that requires banks and some other large financial companies to write "living wills" that provide a road map for how they could be quickly liquidated if they run into trouble.
The rule is required by the 2010 Dodd-Frank financial oversight law, and the Federal Deposit Insurance Corp (FDIC) board is scheduled to vote on Tuesday on the final rule. The Federal Reserve also would have to approve the rule before it takes effect, most likely in about a month.
Banking executives and consultants working for large banks say the rule should include room for what a financial institution would do to nurse itself back to health and avoid having to be liquidated….
Read more at http://www.cnbc.com/id/44476493
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