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What Can We Learn from Publicly Available Data in Banks' Living Wills?

Author

Listed:
  • Steve Bright

    (Office of Financial Research)

  • Paul Glasserman

    (Office of Financial Research)

  • Christopher Gregg

    (Office of Financial Research)

  • Hashim Hamandi

    (Office of Financial Research)

Abstract

This 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.

Suggested Citation

  • Steve Bright & Paul Glasserman & Christopher Gregg & Hashim Hamandi, 2016. "What Can We Learn from Publicly Available Data in Banks' Living Wills?," Briefs 16-05, Office of Financial Research, US Department of the Treasury.
    • Handle: RePEc:ofr:briefs:16-05
    as

    Download full text from publisher

    File URL: https://financialresearch.gov/briefs/files/OFRbr_2016-05_Living-Wills.pdf
    File Function: First version, 2016
    Download Restriction: no
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    Citations

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    Cited by:

    1. Flood, Mark D. & Kenett, Dror Y. & Lumsdaine, Robin L. & Simon, Jonathan K., 2020. "The Complexity of Bank Holding Companies: A Topological Approach," Journal of Banking & Finance, Elsevier, vol. 118(C).
    2. Mark D. Flood & Dror Y. Kenett & Robin L. Lumsdaine & Jonathan J. Simon, 2017. "The Complexity of Bank Holding Companies: A New Measurement Approach," Working Papers 17-03, Office of Financial Research, US Department of the Treasury.
    3. Office of Financial Research (ed.), 2016. "2016 Financial Stability Report," Reports, Office of Financial Research, US Department of the Treasury, number 16-3.
    4. Gupta, Aparna & Wang, Runzu & Lu, Yueliang, 2021. "Addressing systemic risk using contingent convertible debt – A network analysis," European Journal of Operational Research, Elsevier, vol. 290(1), pages 263-277.
    5. Samuel Antill & Asani Sarkar, 2018. "Is size everything?," Staff Reports 864, Federal Reserve Bank of New York.

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