US regulators have given Barclays, Credit Suisse, Deutsche Bank and UBS an additional year to file revised living wills. The banks are expected to submit their plans for the next five years by mid-September.
US regulators have given Barclays, Credit Suisse, Deutsche Bank and UBS an additional year to file revised living wills. The banks will now have until July 2017 to submit their strategies for resolution if faced with insolvency or a financial crisis.