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Inside Washington (08/16/2011)
* WASHINGTON (8/17/11)--Federal regulators had planned in July to adopt a rule describing how large financial institutions would unwind themselves in a crisis without disrupting the financial system (Dow Jones Aug 16). But adoption of the rule, which affects roughly 124 financial institutions, has been delayed until later this month, because banks that don’t get their “living wills” approved by regulators must raise capital or divest assets. How to divide a big failing global bank’s assets and what parts of a financial institution’s structure and investments should be publicly disclosed are among the issues facing the Federal Reserve and Federal Deposit Insurance Corp. (FDIC) as they craft rules for the living wills. Some observers believe the plans will create more streamlined and smaller financial institutions. With transparent organizational divisions, the Fed and FDIC will know the value of different units and which assets can be sold off when an institution is failing …


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