Davis Polk partner David Portilla was featured on S&P Global’s “Street Talk” podcast to discuss how implementing early remediation triggers outlined in the Dodd-Frank Act would be more effective than the Basel III endgame to avoid repeating the spring 2023 bank failures.

David makes the case for enacting early remediation triggers proposed in section 166 of the Dodd-Frank Act, a provision that directs the Fed to adopt regulations for the early remediation of financial weakness.

Early remediation the answer to avoid repeat of spring 2023 bank failures,” S&P Global (September 20, 2023)