Listen again: US/EU Recovery and Resolution web seminar

Author: IFLR Correspondent | Published: 7 Feb 2012
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IFLR, Morrison & Foerster and the NYU Stern School of Business recorded a free web seminar on February 1 looking at the differences between European and US bank recovery and resolution plans. View the web seminar here.

In an effort to ensure that no banking organisation is too big to fail, US and European regulators are requiring systemically important banking institutions to file plans that explain how they would recover from an economically distressed situation and how they could be resolved or liquidated safely in the event of failure.

In developing these plans, globally important banks will have to deal with regulators in different countries and with different resolution tools.

The web seminar panel reviewed the final resolution plan regulation in the US and the emerging requirements in the UK and Europe.

Topics include:

- The objectives of recovery and resolution plans

- Resolution powers of the regulators

- The capacity of recovery and resolution planning to avert the next financial crisis

- Content of a plan

- The process for developing a plan

- Criteria for an acceptable plan

- Dealing with different national regulators


Viral Acharya, New York University Stern School of Business

Peter Green, Morrison & Foerster, London

Jeremy Jennings-Mares, Morrison & Foerster, London

Dwight Smith, Morrison & Foerster, Washington, DC

Lukas Becker, International Financial Law Review