Reuters reported that nine of the largest global banks expressed confidence they can be salvaged or dismantled without taxpayer bailouts if they became insolvent, as U.S. regulators released public portions of these banks' "living wills".

According to the report, the documents, which are required as a result of the 2010 Dodd-Frank financial reform law, are required to be prepared by these banks to end too-big-to-fail bailouts by mapping out ways that banks could go out of business without wrecking the financial system. If regulators find that the resolution plans are not credible, they could force the banks to sell off business lines and restructure to become less complex.

However, the Reuters report indicates that some experts doubt how hard regulators will push the banks for changes or how useful hypothetical resolution plans will be in major financial crisis.

The banks which submitted such “living wills” were Bank of America Corp, JPMorgan Chase & Co Goldman Sachs Group, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Morgan Stanley and UBS. Other large banks will have until July and December of next year to hand in their plans, according to the FDIC. Eventually about 125 banks are expected to submit plans according to the Reuters report.