Weil’s Marcia L. Goldstein, Heath P. Tarbert, and Kathlene M. Burke authored a column for The New York Law Journal discussing the recently finalized implementing rule in connection with resolution plans, or “living wills,” concluding that the regulations still leave a substantial degree of uncertainty as to what exactly it will take to ensure a plan is “credible.”
Access Full-Text Article from The New York Law Journal (may require subscription)
As noted today in Weil’s Bankruptcy Blog, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation published notice yesterday in the Federal Register that they are adopting the final rule to implement the Dodd-Frank Act’s requirement concerning resolution plans, which are commonly referred to as “living wills”.
New ‘Living Will’ Requirements for Banks and Resolution Powers for Regulators
Institute of International Bankers
November 30, 2011, Harold Proshansky Auditorium, CUNY Graduate Center, New York, NY | Register Now
Weil’s Derrick Cephas will appear at the IIB conference Implementation of the Dodd-Frank Act – Key Issues for International Banks. Mr. Cephas’ panel is titled “New ‘Living Will’ Requirements for Banks and Resolution Powers for Regulators” and will commence at 1:45 p.m.
By: Sylvia Mayer and Christopher Linden
The United States in the decades before the crisis allowed a large amount of risk to build up in a variety of institutions outside the formal banking system. When the storm hit, that put enormous pressure on that system, causing a lot of tension and trauma across financial markets, amplifying the pressure on the formal banking system and adding to the broader damage caused by the economy as a whole.
“The Dodd-Frank Act presents many new regulatory compliance changes for the financial sector, but also to public companies that had little or nothing to do with the financial crisis.” The editor of Metropolitian Corporate Counsel inteviews Heath Tarbert, Head of Weil’s Financial Regulatory Reform Working Group for the October 2011 edition. Topics such as public company preparation, systemic risk, “living wills,” and rulemaking uncertainty are covered in this timely interview. [click to continue…]
DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT
U.S. Regulatory Agencies
