US Treasury issues recommendations to change US bank bankruptcies – does it matter? (Premium)

The US Treasury has released its response to an Executive Order from April 25, 2017 that suspended the Orderly Liquidation Authority (OLA) under Dodd-Frank. In its new publication, the Treasury recommends a new form of bankruptcy but keeps OLA as an emergency backup. We ask how much this plan matters in the current market context.
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