China Regulator Orders Large Insurers, Banks to Prepare ‘Living Wills’ to Handle Risks June 10, 2021 By Ryan Woo and Cheng Leng BEIJING — China’s banking and insurance watchdog issued rules on Wednesday requiring sizable banks and insurers to prepare recovery plans...
Fed Gives AIG, Pru More Time to Submit ‘Living Wills’ July 6, 2017 U.S. bank regulators disclosed on Wednesday how eight of the nation’s largest banks would wind themselves down in the face...
Global Banks Agree to Swap Contracts to Ease Too-Big-to-Fail October 14, 2014 By Gregory Mott Eighteen global banks have agreed to swaps contract changes designed to work with government rules for unwinding failed firms, a...
Report: U.S. Making Progress Against ‘Too-Big-to-Fail’ Bailouts April 15, 2013 By David Henry and Emily Stephenson For the past year, a special team of U.S. bank regulators has been on a quiet mission to end the...