WASHINGTON — Banks are more inclined to plot their expansion than prepare for their demise, but with the Federal Deposit Insurance Corp. soliciting the industry's help to establish a new resolution unit, charting their own death is exactly what many large institutions will have to do.
In early conversations highlighted by last month's FDIC roundtable on the topic, executives appeared willing to help the agency devise the new wind-down system but also pressed the agency on their own concerns, including how flexible regulators will allow resolution plans to be, the level of certainty creditors will receive in a failure scenario and any potential for future resolution planning to hurt current profitability.
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