Rodgin Cohen Discusses U.S. Treasury Department Report on Dodd-Frank Orderly Liquidation Authority on Bloomberg TV

February 22, 2018

Rodgin Cohen appeared on “Bloomberg Daybreak: Americas” to discuss a U.S. Treasury Department report on the Dodd-Frank Orderly Liquidation Authority in a segment titled “Rodgin Cohen Says Treasury Report on Banks Endorses the Current System.” Rodgin spoke with Bloomberg TV anchors Alix Steel and David Westin about the report, which he said is “basically an endorsement of the system we have, but recognizes that there is always opportunity for improvement.” He also noted that “it is quite clear that the basic tenets of Orderly Liquidation Authority—which is that shareholders are wiped out, creditors bear all the losses and management is replaced—remains fully there.”