Reuters: Fed Tells GE Capital to Upgrade Resolution Plans



According to Reuters, the Federal Reserve and the FDIC told GE Capital, along with insurance companies American International Group and Prudential Financial, that they need to upgrade their resolution plans and provide more information on funding and liquidity.

As Reuters notes, the plans amount to “living wills” for the systemically important financial institutions and must provide an outline of how they will shrink themselves without causing harm to the existing system.

Reuters said that the Fed and FDIC want more detailed information on funding, liquidity and how these SIFIs connect with the global financial industry.

Read the full Reuters report here.


Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

  • Hidden
  • RAM Group Holdings does not share or sell your personal information. The information we ask you to furnish is limited to what is needed to process your order fully and completely. You may unsubscribe at any time. View our Privacy Policy.
  • Please Confirm permission for Monitor/Monitordaily to e-mail you.
  • Hidden

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com