Define Living Will under Regulatory Reporting and Basel perspective. #ChartAcc

Friday, April 11, 2014 - Normally, A Living Will means legal document of a person to make his or her wishes regarding life prolonging medical treatments when he/she is not in a state to take decisions.

Same ways Banks are also required under Basel to chalk out their Living Will to plan a mock scenario of resolution or recovery in case Bank fails.

Following are the terms generally used in this regard:
  • Resolution Plan
  • Recovery Plan
  • Too Big to fail
  • Stress Test
  • Systemic Risk
  • Systemically Important Banks
  • Credit and Market Risk
  • Dodd-Frank Model
  • Risk Modelling
  • Prudential standards

For a detailed definition of there terms stay connected to

For more on Basel click here.

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