Dodd-Frank Act and Insured Depository Institution Rules Resolution Plans (Living Wills)

Summary

This practice note discusses resolution plan (Living Will) requirements for financial and insured depository institutions (IDIs) as required in Title I Section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank), as modified by the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) and through a separate Federal Deposit Insurance Corporation (FDIC) rulemaking promulgated under the Federal Deposit Insurance Act (FDI Act).