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Mr. Kronfeld is a partner in Davis Polk’s Corporate Department, representing U.S. and non-U.S. clients on equity and debt capital markets transactions, mergers and acquisitions, corporate governance and securities regulatory matters. [Full Bio]

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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