Banks Get New ‘Living Wills’ Guidance; FDIC Wants ‘Fully Developed’ Discussion

The so-called living wills of banks must provide a “fully developed” discussion and analysis of a range of realistic resolution strategies, according to guidance by a regulator.

The Federal Deposit Insurance Corporation’s guidelines come as 11 megabanks prepare for a mid-2015 deadline to revamp resolution plans seen as coming up short by the agency, which last summer announced the results of a review of those blueprints 151 DER EE-9, 8/6/14.

The new guidance, released Dec. 17, said a bank should include in its discussion and analysis at least one strategy that primarily involves the separation and sale of its ...