Averting the Next Financial Crisis: Recapitalizing the Failing SIFI

Discussed are changes in systemically important financial institutions (SIFIs) since the fall of Lehman Brothers and passage of the Dodd-Frank Act, the Orderly Liquidation Authority, living wills under the Bankruptcy Code, coordination among global regulators, mandated amendments to financial contracts, proposed amendments to the Bankruptcy Code (chapter 14) and the impact of the U.S. election.