Available on VitalLaw® and VitalLaw® for Corporate Counsel, the Bank Failures Toolkit is a new resource for corporate legal departments designed to help ensure minimal disruption to a company’s business from the failure of a bank.
Bank failures can have a serious impact on both the domestic and international business communities. While a bank failure by itself may not put a business at risk, such a failure complicates business continuity and operations. The best protection against the consequences of a failed bank is prevention. This toolkit from Wolters Kluwer Legal & Regulatory U.S. offers proactive steps that will both minimize and mitigate the risk that a company faces should its bank collapse.