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Banks Ordered to Provide ‘Living Wills’ to Regulators

By Peter Schroeder
Published January 17 2012 The Hill

Federal regulators finalized a regulation Tuesday that requires the nation’s largest banks to provide “living wills” for dismantling them if they collapse. The rule from the Federal Deposit Insurance Corporation (FDIC) obligates banks with more than $50 billion in assets to submit a blueprint for dissolution that would minimize broader damage to the financial system. 

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