Shearman Logo

balance scale

May 28, 2012

Living Will Requirements for Financial Institutions

Subscribe

Jump to...

 

Counsel Gregg Rozansky (New York-Financial Institutions Advisory & Financial Regulatory) and associates Ned Schodek (New York- Bankruptcy & Reorganization) and Shriram Bhashyam (New York-Financial Institutions Advisory & Financial Regulatory) wrote an article, “Living Will Requirements for Financial Institutions,” published by the Practical Law Company.

The article discusses the US resolution plan (living will) requirements for financial and depository institutions, covering the substantive and procedural elements of two complementary rules: the Dodd-Frank Act Rule (DFA Rule), which applies to large financial groups operating in the US, and the Insured Depository Institution Rule (IDI Rule), which applies to large US depository institutions. It also addresses practical considerations in preparing a living will and provides a glossary of key terms under the living will requirements of both the DFA Rule and the IDI Rule.

View full article, "Living Will Requirements for Financial Institutions"

Authors and Contributors

Ned S. Schodek

Partner

Financial Restructuring & Insolvency

+1 212 848 7052

+1 212 848 7052

New York

Bradley K. Sabel

Of Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 8410

+1 212 848 8410

New York

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London

Russell Sacks

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7585

+1 212 848 7585

New York

Thomas Donegan

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5566

+44 20 7655 5566

London

Lorna Xin Chen

Partner

Investment Funds

+852 2978 8001

+852 2978 8001

Hong Kong