WASHINGTON — The Dodd-Frank Act's new resolution process applies to only a handful of the roughly 6,700 U.S. banks, but its success or failure is critical to institutions of all sizes.

Regulators are still struggling to implement the complex process, including forcing banks to write "living wills" that detail how they can be dismantled in a crisis and building an effective system of their own capable of resolving them.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.