Co-authored by Heath Tarbert and Sylvia Mayer
Business Finance and Restructuring partner Sylvia Mayer, Corporate partner Heath Tarbert, and Business Finance and Restructuring associates Conray Tseng and Scott Bowling co-authored an article regarding resolution planning for systemically important financial institutions and the lessons learned from the first round of filings. Nine of the world’s largest financial institutions have already filed their “living wills” as required by the Dodd-Frank Act, and more than 100 financial institutions face similar requirements before the end of 2013. This article provides an overview of resolution and recovery planning requirements, addresses how to organize a process for resolution planning, and discusses lessons learned with respect to the substantive development of a resolution plan.
The article titled “Resolve to Make it Better: Lessons Learned in the Resolution Planning Process” appears in the October 2012 edition of The RMA Journal.
View a PDF of the article.