As an added service to our members, the ABI will feature topics of interest, debates and studies about bankruptcy, the economy and other relevant areas. This issue of the newsletter features a report from the U.S. Government Accountability Office that assesses the Supervisory Capital Assessment Program's (SCAP) effectiveness in overseeing the bank stress test on the 19 largest U.S. bank holding companies (BHC). The report analyzes the SCAP process and results in analyzing BHCs' performance and discusses how regulators and BHCs are applying the knowledge gained from the program. Please click the link below to read the summary and full report from the GAO.
Troubled Asset Relief Program: Bank Stress Test Offers Lessons as Regulator Take Further Actions to Strengthen Supervisory Oversight
Volo, Latin for "speed" or "more rapidly," is dedicated to providing ABI members with the most timely bankruptcy decisions from the U.S. Courts of Appeal. The Editorial Board is comprised of editors from around the country who will summarize new appellate opinions and post them on the Volo website. ABI members can also subscribe to an RSS feed to receive summaries as soon as they are posted. Opinions will be summarized and posted within 24 hours.
Are you interested in volunteering to write summaries for your circuit? The website is set up with automatic rotation of assigned cases, so no one should receive more than an occasional assignment. As a "first responder," the goal is speed and accuracy - to quickly announce recent opinions before it becomes yesterday's news. To learn more, visit the Volo website at http://volo.abi.org or contact the Editor in Chief, Scott Gautier at sgautier@pwkllp.com.
