Would the orderly liquidation authority in Title II of the Dodd-Frank Act work as intended in a megabank failure?
The Clearing House Association decided to war-game that question and “organized 180 people to play various roles in the simulation of $2 trillion-asset institution's demise,” writes American Banker’s Barbara Rehm.
"Title II works," says Paul Saltzman of The Clearing House Association. "We are digesting it now and will meet with regulators to share our lessons learned."
For the full piece see "Clearing House War-Games Failure of Megabank" (may require subscription).