|Event:||Preparing for the Big 'What-Ifs' of Corporate Life: The Final 'Living Wills' Requirements for Large Financial Institutions|
Bradley Sabel is partner and co-head of Shearman & Sterling’s Financial Institutions Advisory & Financial Regulatory practice group. Prior to joining the firm in 1994, he was an attorney for the Federal Reserve Bank of New York for 18 years, advising on all aspects of U.S. bank regulation and supervision with a special focus on domestic and foreign activities of U.S. and foreign banks, reserve requirements, margin requirements, asset freezes, and related banking issues. His practice continues to focus on advising banking institutions and others on U.S. bank regulations, including the impact and potential consequences of the significant reforms of the financial crisis period beginning in 2007. Read full bio here.
The Dodd-Frank Act requires that large financial institutions prepare a description of themselves that would allow a financial agency to take immediate action to prevent a large institution's difficulties from posing a threat to the entire financial system. The Federal Reserve and FDIC issued final regulations in the fall of 2010 setting out the requirements that large institutions will have to satisfy in order to comply with the law. Bradley K. Sabel, a partner of Shearman & Sterling LLP, will discuss the background to this requirement and the difficulties that institutions will likely face in preparing them.
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