The transformation of Goldman Sachs and Morgan Stanley into bank holding companies may be the end of one era, but it is the start of another. And one group of lawyers is thrilled about the change: banking regulatory specialists.That's because Goldman and Morgan now face scrutiny from the Federal Reserve and the Federal Deposit -Insurance Corporation. Also, they will have to adopt risk-management policies which limit how much debt they can take on.
November 19, 2008 at 08:38 PM
1 minute read
The original version of this story was published on Legalweek
Banking regulatory lawyers are the new in-crowd. Nate Raymond reports
The transformation of Goldman Sachs and Morgan Stanley into bank holding companies may be the end of one era, but it is the start of another. And one group of lawyers is thrilled about the change: banking regulatory specialists.
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