“The U.S. Department of the Treasury today released a report regarding its review and recommendations on the Orderly Liquidation Authority (OLA).  The report responds to the Presidential Memorandum directing Treasury to propose recommendations to align OLA with the Core Principles for Financial Regulation and determine whether the Bankruptcy Code should be reformed to better enable resolution of financial companies.  Treasury’s recommendations ensure that taxpayers are protected by strengthening the bankruptcy procedure for a failed financial company and retaining OLA in very limited circumstances with significant reforms…”