In December 2013, the Federal Deposit Insurance Corporation (FDIC) released a proposal on the “Single Point of Entry” (SPOE) strategy as a means of resolving large failing banks without financial-market disruption. Paul Kupiec and Peter Wallison wrote a paper strongly critiquing the strategy, and presented it to Federalist Society members on a January 22 Teleforum conference call. A recording of their presentation is available here. Randall Guynn, Prof. David Skeel, and James Wigand offered their defense of SPOE and their response to Mr. Kupiec and Mr. Wallison on a Teleforum conference call.
- Randall Guynn, Partner, Davis Polk & Wardwell LLP
- Prof. David Skeel, S. Samuel Arsht Professor of Corporate Law, University of Pennsylvania Law School
- James Wigand, Partner, Millstein & Co.