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USA - January 11 2013
An insured federal depository institution may request a transition period to comply with the "push-out" requirements of section 716 of the Dodd-Frank…
USA - January 8 2013
The Board of Governors of the Federal Reserve System ("Board") has devoted some time to considering how to address the potential threat to the financial…
USA - December 4 2012
The Board of Governors of the Federal Reserve System (“Board”) appears ready to propose rules to implement enhanced prudential capital and other standards for foreign banking organizations with banking operations in the United States (“FBOs”).
China, USA - May 10 2012
On May 9, 2012, the Board of Governors of the Federal Reserve System (“Board”) issued an order approving the first acquisition of a US bank by a bank organized under the laws of the People’s Republic of China (“ICBC Order”).
USA - April 13 2012
Reacting to what they view as the deterioration in prudent underwriting and lending practices characterizing the rebound in new leveraged financing following the 2006 – 2008 financial crisis, including a growing absence of lender protection provisions such as maintenance covenants in the governing documents, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Commission issued on March 26, 2012 proposed guidance to be applicable to substantially all financial firms supervised and/or regulated by any of the Agencies establishing stringent requirements (including in respect of establishing meaningful management information systems) governing leveraged financings.
