Citigroup is facing renewed regulatory scrutiny over its living will, which is a plan that outlines how the bank would be wound down in the event of a crisis. The living will is a key part of the bank’s risk management strategy, and regulators have been reviewing it to ensure that it is adequate.The renewed scrutiny comes after a series of high-profile failures by major banks in recent years. Regulators have been working to improve the resilience of the financial system, and the living will is seen as a key part of this effort.
