Dodd-Frank requires large financial institutions with assets of $50 billion and nonbank financial companies that are designated by the Financial Stability Oversight Council as systemically important financial companies (SIFIs) to create and file resolution plans, also known as living wills. This will be a challenging process and could lead to restructuring of companies and their balance sheets. This program will address the following topics:
Requirements for Large BHC and SIFI resolution plans. The components of and steps in building a living will
Issues regarding bankruptcy or other insolvency law considerations
Making a company sufficiently resolvable the benefits and costs
Fiduciary, confidentiality and securities disclosure issues
IP and IT challenges where a company needs to have severable parts
This program is part of a series - The Dodd-Frank Report Card: The Impact of Dodd-Frank in 2012. Series Chairman: Thomas P. Vartanian, Partner, Dechert LLP.
Mr. Vartanian is a corporate counselor, litigator, deal maker, and regulatory expert who has advised a wide variety of clients in the financial services industry on complex matters. As a government official and private practitioner, Mr. Vartanian has structured many of the first interstate and inter-industry mergers and acquisitions in the financial services business, and helped develop and defend novel financial products and services.
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West LegalEdcenter will not provide accreditation for states not listed.
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