In a long-awaited milestone, the SEC has proposed an update of Guide 3, the industry guide for banking organizations. The proposal eliminates a number of the current requirements under Guide 3 and streamlines many of those that remain. The three “new” credit quality ratios in the proposal are, in practice,
Continue Reading Better Late Than Never: SEC Proposes Guide 3 Update
John B. Meade
Mr. Meade is a partner in Davis Polk’s Corporate Department, practicing in the Capital Markets Group. [Full Bio]