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Large Financial Institutions : The ''Living Wills'' Requirement & Economic Issues Associated with ''Too Big To Fail'', Hardback Book

Large Financial Institutions : The ''Living Wills'' Requirement & Economic Issues Associated with ''Too Big To Fail'' Hardback

Edited by Franklin Pierce

Description

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.

Information

  • Format: Hardback
  • Pages: 172 pages
  • Publisher: Nova Science Publishers Inc
  • Publication Date:
  • Category: Financial services industry
  • ISBN: 9781634822619