Navigating Dodd-Frank's Resolution Plan Requirement

, New York Law Journal


Weil, Gotshal & Manges' Marcia L. Goldstein, Heath P. Tarbert and Kathlene M. Burke write that preparing "living wills" is expected to be among the most challenging compliance exercises facing the banking industry in 2012. The recently finalized implementing rule for the requirement reflects a number of helpful clarifications, but still leaves a substantial degree of uncertainty as to what exactly it will take to ensure a plan is "credible."

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