United States:
GAO Reviews Resolution Planning Requirements And The Role Of The OLA
29 July 2020
Cadwalader, Wickersham & Taft LLP
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In a report to several Congressional committees, GAO reviewed proposed and enacted changes to the
U.S. Bankruptcy Code relating to the
Orderly Liquidation Authority ("OLA"), an alternative
to bankruptcy established under
Dodd-Frank for "resolving failed, systemically important
financial institutions." GAO also described regulatory actions
pertaining to the OLA and resolution planning and provided a brief
history of resolution planning requirements.
Primary Sources
- GAO Report: Financial Company Bankruptcies -
Congress and Regulators Have Updated Resolution Planning
Requirements
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