Frank P. Jaklitsch
Overview
Frank P. Jaklitsch is a counsel in the New York office of Crowell & Moring. He specializes in distressed debt and claims trading. Frank has 20 years of experience representing hedge funds, investment banks, broker-dealers, and other financial institutions in the purchase and sale of distressed assets (both domestic and international), including syndicated corporate bank loans, priority and unsecured claims against bankruptcy estates and other liquidating vehicles, and special situations investments generally, including high-yield securities and post-reorganization equity.
Career & Education
- Fordham University, B.A., Magna cum Laude, 1995
- University of Michigan Law School, J.D., 2000
- New York
Professional Activities and Memberships
- Member, The Loan Syndications and Trading Association (LSTA)
Frank's Insights
Client Alert | 5 min read | 06.26.23
On June 6, 2023, The Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Department of the Treasury’s Office of the Comptroller of the Currency (OCC) issued final joint guidance for banking organizations on managing risks associated with third-party relationships. Previously, the Board (2013), FDIC (2008) and OCC (2013 and 2020) had all issued their own separate guidance for their respective supervised banking organizations. After extensive review and analysis of comments provided from July-October 2021 on proposed interagency guidance, the prior issuances by separate regulators were rescinded and replaced by the final joint interagency guidance[1]. The guidance was over ten years in the making, and corresponds with an observed increase in the number and types of third-party relationships used by banks. The use by banks of fintech companies is a prime example; there has been an explosion in the variety of services offered to banks by such companies. The guidance is intended to promote a consistent message on risk management from the agencies, and to more clearly articulate risk-based principles for third-party risk management.
Blog Post | 02.08.22
Plan Support Covenants Survive Attack in Aeromexico’s Bankruptcy Proceeding
Firm News | 8 min read | 01.03.22
Crowell & Moring Elects 13 New Partners, Promotes Seven to Senior Counsel, and 19 to Counsel
Firm News | 5 min read | 04.01.21
Insights
Plan Support Covenants Survive Attack in Aeromexico’s Bankruptcy Proceeding
|02.08.22
Crowell & Moring’s Restructuring Matters
Frank's Insights
Client Alert | 5 min read | 06.26.23
On June 6, 2023, The Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Department of the Treasury’s Office of the Comptroller of the Currency (OCC) issued final joint guidance for banking organizations on managing risks associated with third-party relationships. Previously, the Board (2013), FDIC (2008) and OCC (2013 and 2020) had all issued their own separate guidance for their respective supervised banking organizations. After extensive review and analysis of comments provided from July-October 2021 on proposed interagency guidance, the prior issuances by separate regulators were rescinded and replaced by the final joint interagency guidance[1]. The guidance was over ten years in the making, and corresponds with an observed increase in the number and types of third-party relationships used by banks. The use by banks of fintech companies is a prime example; there has been an explosion in the variety of services offered to banks by such companies. The guidance is intended to promote a consistent message on risk management from the agencies, and to more clearly articulate risk-based principles for third-party risk management.
Blog Post | 02.08.22
Plan Support Covenants Survive Attack in Aeromexico’s Bankruptcy Proceeding
Firm News | 8 min read | 01.03.22
Crowell & Moring Elects 13 New Partners, Promotes Seven to Senior Counsel, and 19 to Counsel
Firm News | 5 min read | 04.01.21
