Dan Ryan is Leader of the Financial Services Advisory Practice at PricewaterhouseCoopers LLP. This post is based on a PwC publication by Mr. Ryan, Mike Alix, Adam Gilbert, and Armen Meyer.
[On April 13, 2016], the Federal Reserve and the FDIC (collectively, “Agencies”) released their feedback on the resolution plans submitted July 1, 2015 by the eight largest US banking institutions. [1] Five were deemed “not credible,” while all eight were found to have “deficiencies” or “shortcomings” (or both). The expected July 1, 2016 plan filing date has been pushed back one year; instead, all eight banks must submit by October 1, 2016 an explanation of how deficiencies have been remedied, a status report on remediation of the shortcomings, and a public section that explains these submissions at a high level. The timeline for remediating some of the cited deficiencies will be very challenging, even considering the relief from the July 1, 2016 filing. [2]
Articles by Bebchuk, Coates and Fried Voted to be Among the Top Ten Corporate and Securities Articles of 2015
More from: Jesse Fried, John Coates, Lucian Bebchuk
The Corporate Practice Commentator announced last week the list of the Ten Best Corporate and Securities Articles selected by an annual poll of corporate and securities law academics. The list includes three articles from Harvard Law faculty associated with the Program on Corporate Governance, Professors Lucian Bebchuk, John Coates, and Jesse Fried.
The top ten articles were selected from a field of more than 540 pieces. Professor Robert Thompson of Georgetown Law School conducted the annual poll.
The selected Bebchuk, Coates, and Fried articles are:
Additional information about the best corporate and securities law articles of 2015 and the selection process is available here.