Office Of Financial Research Update: "What Can We Learn From Publicly Available Data In Banks' Living Wills?"

The OFR released a brief today entitled, "What Can We Learn from Publicly Available Data in Banks' Living Wills?" and an accompanying blog by Stacey Schreft, OFR Deputy Director for Research and Analysis. The brief analyzes the public portions of resolution plans, or "living wills," in which large U.S. banks describe how they would manage their own potential failures. The authors found that the public information in the living wills is not sufficient to determine whether these banks could go through bankruptcy without extraordinary government support.