Creating automatic plan of action for unwinding

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Reference no: EM13893178

The Federal Reserve has required the largest American banks to create “living wills” for the purpose of:

A. Knowing what the Federal Reserve should do should bank management become incapacitated for any reason, whatsoever?

B. Creating an automatic plan of action for unwinding and dissolving a bank should it encounter a financial crisis without affecting other financial services firms

C. Having an emergency plan in place for bailing out the banks the next time they encounter a financial crisis

D. Ensuring that all bank officials have sufficient life insurance as a cushion for any losses which the banks might incur

E. Making sure that a risk management firm is on hand to mitigate risks which the financial services company might take on

Reference no: EM13893178

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