Deutsche Bank would sell some US assets and transfer systemically important assets and liabilities to a German government-owned bridge bank if it were to fail, under the terms of a "living will" contingency plan it submitted to US regulators.

"[German regulator] BaFin would issue a transfer order pursuant to which all or part of the assets, liabilities and material contracts" that are systemically important would be transferred into a German government-owned special purpose vehicle, called a "bridge bank," Deutsche Bank said in the crisis resolution scheme.