Four of the eight too-big-to-fail US banks narrowed the scope of their resolution plans, also known as ‘living wills’, in 2019.
The aggregate number of material entities (MEs) – those units deemed critical to a lender’s operations – listed by the global systemically important banks (G-Sibs) fell to 166 from 170 in 2017.
JP Morgan pared its number of MEs the most, listing 24 in its 2019 plan, compared with 30 in 2017. It now has the fewest MEs in scope of its plan since public disclosure began
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