Dr Stephen Hammer is co-director of the Urban Climate Change Research Network, a consortium of academics and institutions dedicated to the analysis of climate change mitigation, and an adviser to New York City's Energy Policy Taskforce.
Viable resolution plans will require systemic institutions to conduct a strategic analysis on how they could be resolved under the Bankruptcy Code as well as evaluate significant credit exposures and other key information across the entities and their affiliates.
Financial institutions should run detection rules and an analysis tool, as well as update patches in content management systems, according to Michael E.