Everyone hates the SEC’s bank bail-in take

Quick Summary:

The rigmarole of re-registering can be difficult-to-impossible in a shitshow fast-moving banking crisis, but failure to do so might be a breach of federal securities law, according to the SEC.

So this really requires the Commission to step up to what I think is the correct legal as well as practical analysis.“Rodge” Cohen is senior chair of Sullivan and Cromwell, and the granddaddy of US banking lawyers.

If there was not a keen awareness before last year’s events of the critical role of securities regulation in these kinds of resolution situations, I think there’s a keen awareness now.

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Article Details

Author / Journalist: Robin Wigglesworth

Category: MarketsFinanceInvesting

Markets: United States

Topics: Might Bonds Securities Financial Resolution Capital Legal Bail-in Equity Regulatory Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 14:06:42 (2 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1110 words

Reading Time: 7 minutes read

Sentences: 16 lines

Sentence Length: 70 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23328058

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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