What is a Living Will? While there
are some jurisdictional differences,
all regulators have agreed on a twotiered
approach, the first, “recovery”
(restoring the institution to health
and stability, if possible) and the
second “resolution” (affecting an
‘orderly’ failure, whether through
sale, divestiture or other means).
What is a Living Will? While thereare some jurisdictional differences,all regulators have agreed on a twotieredapproach, the first, “recovery”(restoring the institution to healthand stability, if possible) and thesecond “resolution” (affecting an‘orderly’ failure, whether throughsale, divestiture or other means).
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