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

Book Details

Format Hardback
ISBN-10 1634822617
ISBN-13 9781634822619
Publisher Nova Science Publishers Inc
Imprint Nova Science Publishers Inc
Country of Manufacture US
Country of Publication GB
Publication Date May 1st, 2015
Print length 172 Pages
Weight 384 grams
Dimensions 23.30 x 15.70 x 1.60 cms
KSh 35,100.00
Not available 0 in stock

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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.

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