Just in time for a new bout of potential systemic risk, the new year ushers in a series of far-reaching actions designed to ensure that even the largest financial-services firms can be shuttered without resort to sovereign support. Several of the most important developments occurred right around the holidays and thus received scant attention.  We did, though, provide you with in-depth analyses of key developments.  Here, we reiterate key points and forecast the outlook for action over the next few weeks in this critical arena.

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