Bankruptcy Blogs

Neither the FSOC nor the OFR is up and running well enough to address systemic risk. The Systemic Risk Council, a new private-sector nonprofit group, will likely change that.

The Bankruptcy Process in Chicago is Different Than Other Cities Are you considering filing for bankruptcy in the Chicago area? Don’t assume that the process will be little more than filling out some boilerplate forms. Many people mistakenly believe that filing for bankruptcy is the same throughout the country. While there is uniformity to the [...]

Lending to American consumers, businesses and other entities is, as best practiced, far from a simple business. Going beyond this to dabble in opaque markets will inevitably degrade the competence with which banks' basic business is conducted.

Though banks must show they are resolvable, a financial institution can also use its resolution plan to advocate preferred solutions to issues on the horizon. And other lessons from the process so far.

We won't have another nationwide bubble for 35 years or so. By then, cautionary tales from 2007-09 will seem irrelevant to those with modern skills and advanced risk management capability.