FDIC Chair Jelena McWilliams stated that the FDIC plans to streamline
resolution (i.e., living will) requirements for U.S.
global systemically important banking organizations
("GSIBs") and regional banks.
In remarks before the 2018 Annual Conference of The Clearing
House and Bank Policy Institute, Ms. McWilliams said that the
failure of financial institutions is a critical part of the market
and that the goal is to ensure that failure occurs in the least
disruptive manner possible (i.e., without taxpayer
bailouts or systemic market failure). In order to best achieve this
goal, Ms. McWilliams said the priority is to take steps to
"facilitate orderly resolution of . . . firms in
bankruptcy."