US Treasury hones its bank resolution regulations
Chapter 14 from the bankruptcy code could be overhauled to limit use of Orderly Liquidation Authority
The US Treasury is looking to overhaul existing “too big to fail” regulations, proposing alterations to the existing ‘orderly liquidation’ regime.
In a report published on February 21, the Treasury responds to a request from president Donald Trump to determine whether the bankruptcy code should be reformed to better enable the resolution of financial companies.
“The bankruptcy reforms that we propose will make the shareholders, management, and creditors of a financial company bear any losses
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