US approves rule on bank bankruptcy plans - AFP

09/13/11


Reuters

US approves rule on bank bankruptcy plans
AFP
WASHINGTON — US regulators approved Tuesday a rule requiring 37 large US and foreign financial institutions to submit plans to allow for their orderly dismantlement in case of bankruptcy. In the wake of the 2008-2009 financial crisis, ...
Largest banks to submit contingency plans in case of failureHousing Wire

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