Resolution Plans

Resolution Plans, often referred to as "living wills," are detailed strategies created by large financial institutions to outline how they would manage their affairs in the event of financial distress or insolvency. These plans are designed to ensure that the institution can be wound down or restructured in an orderly manner without needing a government bailout, minimizing the impact on the economy and taxpayers. By laying out procedures and contingency measures, Resolution Plans help regulators and stakeholders understand how to manage potential crises effectively.