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,
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John B. Meade
As a partner in Davis Polk’s Corporate Department, Mr. Meade primarily represents issuer and underwriter clients in public and private securities offerings, and also advises on general corporate matters, including strategic and separation transactions, corporate governance and SEC reporting and compliance matters, for U.S. and non-U.S. corporations. [Full Bio]
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