The global financial crisis left an indelible mark on the nation’s banking industry. Whether the industry will be better for it remains to be seen. Though the overindulgences that once fanned the flames of the subprime mortgage lending bonanza have long since subsided, the compulsory regulatory cleansing that has ensued is of a magnitude never experienced by today’s banking professionals or their lawyers.
Nowhere have the manifestations of regulatory reform been more concentrated than in the areas of capital planning and capital adequacy. What follows is a brief discussion of some of the regulatory changes facing in-house counsel at banking institutions.
