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Who looks forward to making a will? Under the Dodd-Frank financial reform law, major financial institutions don't have a choice. They're required to pen "living wills" detailing assets and liabilities and how the bank would protect or unwind those assets in the event of a financial crisis. But where some might see a compliance challenge in writing these plans, Abdi Shayesteh, deputy general counsel for Mitsubishi UFJ Financial Group Inc., sees a golden opportunity. "It's a great exercise to look inward, starting with the legal department," he says.
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