GC Mid-Atlantic

Creating a Company's Living Will Has Benefits

A requirement of the Dodd-Frank law may prove useful to companies that aren't financial institutions.

, Corporate Counsel


Who looks forward to making a will? Under the Dodd-Frank financial reform law, major financial institutions don't have a choice. They're required to pen "living wills" detailing assets and liabilities and how the bank would protect or unwind those assets in the event of a financial crisis. But where some might see a compliance challenge in writing these plans, Abdi Shayesteh, deputy general counsel for Mitsubishi UFJ Financial Group Inc., sees a golden opportunity.

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What's being said

  • Mike Fisher - The CECON Group

    Very interesting article. The process will require discipline and leadership from management.

    The CECON Group

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