Banks, Regulators Must Progress on Living Wills, Financial Stability Board Says - Syndication Content Article
2013-01-29 — americanbanker.com
``U.S. and European Union regulators have called on large banks to prepare living wills, to be developed with their supervisors, showing how they might be safely broken up without causing market turmoil and taxpayer-funded bailouts. EU nations alone have provided as much as 4.6 trillion euros ($6.2 trillion) of capital injections and other support to lenders since 2008 to prevent a meltdown of the financial system following the collapse of Lehman Brothers Holdings Inc.''
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