Known officially as resolution plans, living wills for financial institutions are mandated by Dodd-Frank to provide rapid and orderly deconstruction of institutions in event of distress or bankruptcy.
Capco's new Resolution Planning Business Optimization Services will provide a platform to reduce complexity and costs around the new regulatory change, identify "affiliate interdependencies" that are relevant to the process, as well as manage capital reserve demands.
Nine major banks offered a first look at their living wills last year after definitional controversy over what qualifies an institution as "too big to fail" post-crisis, and the potential ramifications for firms spinning off certain businesses as a result.
"With financial institutions under significant pressure to establish or strengthen their living wills, there is a great opportunity to use the requirement to affect significant operational, organizational and financial improvements," says Joe Anastasio, founding partner at Capco.
More from Sell Side Technology
Updating your subscription status
Voting now open -- WATERS RANKINGS 2013
Our 11th annual survey is now open and you get the chance to choose your best solutions and technology providers. Waters Rankings 2013 features 26 hotly contested awards - so have your say.
21 May 2013
21 May 2013
19 Jun 2013
27 Jun 2013
Complex, dated and unwieldy data infrastructure is not uncommon among even the most progressive companies in the world of finance. As financial regulations...
With the launch of a new legal entity identifier (LEI) looming, the financial services industry needs to get ready to ensure efficient and timely implementation...