FDIC Proposes Stress Tests, Living Wills For Big Banks
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FDIC Proposes Stress Tests, Living Wills For Big Banks

The Federal Deposit Insurance Corp. has proposed that financial institutions with more than $10 billion in assets undergo annual stress tests, and has finalized a rule that banks with more than $50 billion in assets be required to submit to banking regulators a “living will,” which would allow the federal government to shut down failing banks without affecting stability of the financial system.

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