Maurice Horwitz and Jessica Liou have authored an article for Weil’s Financial Regulatory Reform Center in which they discuss a recent FDIC roundtable discussion focusing on the implementation of the Dodd Frank Wall Street Reform and Consumer Protection Act (“Dodd Frank”). The roundtable discussion was hosted by the Board of Governors of the Federal Reserve System (the “FRB”) and centered on the development of Resolution Plans (commonly referred to as “living wills”) for FRB-supervised non-bank financial companies and certain bank holding companies, as required by section 165(d) of Dodd-Frank. Industry executives who participated in the panel discussed the steps that their institutions have taken to prepare their Resolution Plans, and what obstacles and concerns have arisen in the process.
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Posted in Financial Regulatory Reform Center.
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