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OnDemand Course

Understanding the Dodd-Frank Living Will Requirements

The Dodd-Frank Act living will requirements are among the most significant aspects of the new law designed to get at the issue of containing the systemic risks posed by large bank holding companies and nonbank financial firms. In effect, the living will is exactly as described - a self-designed plan by a systemically significant firm to conduct a rapid and orderly wind down of its affairs in the event it encounters financial stress. Unclear, however, is whether the requirements of the recently issued Federal Reserve and FDIC rules will serve to contain systemic risk or expose firm weaknesses in a manner that could compromise and expose their operations to the scrutiny of direct competitors. Also difficult to discern is the process of identifying significant interconnectedness among large bank holding companies and nonbank financial firms and isolating the systemic risks posed by one entity to that of numerous other systemically significant firms and systemically critical markets. The OnDemand Webinar will explore both the legal and policy implications of Section 165(d) of the Dodd-Frank Act and provide an understanding of the broader goal and regulatory jurisdiction to identify, measure, and contain systemic risk. The program will explain the practical aspects of the living will process, as well as the challenges for institutions and regulators in implementing and satisfying the Congressional intent behind Section 165(d). The OnDemand Webinar will provide a working knowledge of the resolution plan process and requirements and address what the new law may mean for institutions not directly affected by the living will requirements.


Runtime: 87 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Who Is Covered by the Dodd-Frank Living Will Requirements?

  • Bank Holding Companies With Assets Greater Than $50B
  • Nonbank Financial Companies
  • Special Issues With Foreign Financial Companies

What Are the Living Will Reporting Requirements?

  • Initial Filing of the Resolution Plan
  • Annual Update of the Resolution Plan
  • Quarterly Credit Exposure Reports

Implications for Failure to File and Maintain Updated Information

  • Regulatory Restrictions
  • Divestiture

Procedural and Timing Considerations

  • Who Must File When
  • Waivers, Acceleration and Extensions

Informational Content of the Living Will Plan

Implications for Depository Holding Companies and Nonbank Financial Firms Not Covered by the Rule

  • Will Regulatory Upgrading Migrate Requirements to Companies Not Covered by the Statute?
  • Indirect Impact of Companies Delinking Operations
  • Competitive Impact - Benefits and Drawbacks
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on June 6, 2012.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Kevin L. Petrasic

Kevin L. Petrasic

Davis Wright Tremaine

  • Partner and head of the Global Financial Institutions Advisory Practice of White & Case LLP, based in the firm’s New York and Washington, D.C., offices
  • Advises national and international financial firms, including banks, securities brokerage and insurance firms, and other financial services providers, on a broad range of regulatory, legislative, transactional, and compliance issues under federal and state banking laws, including before the Federal Reserve Board, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau
  • Extensive experience in Dodd-Frank compliance, bank/thrift and holding company regulation, credit card and consumer financial compliance laws, UDAAP issues, data privacy/protection, cybersecurity and data breach issues, compliance laws impacting payments systems, mergers and acquisitions, anti-money laundering issues and OFAC compliance, depository institution charter powers and activities, mortgage markets, and corporate governance
  • Broad government experience, including serving as special counsel, managing director of external affairs, director of congressional affairs, legislative counsel, and assistant chief counsel at the U.S. Treasury Department’s Office of Thrift Supervision, as well as counsel to the former House Banking Committee
  • Adjunct professor of banking law at the George Washington University Law School in Washington, D.C.
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!

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Product ID: 389982
Published 2012
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