Define Living Will under Regulatory Reporting and Basel perspective. #ChartAcc
Friday, April 11, 2014
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ChartAcc.com - 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:
For more on Basel click here.
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 ChartAcc.com
For more on Basel click here.
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