Compliance deadline approaches for leveraged lending Final Guidance *

USA - May 13 2013
Prompted by concerns about increasing leveraged lending volumes since 2009 and deterioration of prudent underwriting practices, the Office of the…

Co-authors: Ellen L. Marks, Gitanjali P. Faleiro, Senet S. Bischoff, Melissa S. Alwang.

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CFTC “relief” for clearing and reporting of inter-affiliate swaps – few are relieved *

USA - April 30 2013
The US Commodity Futures Trading Commission (CFTC) recently granted two forms of regulatory relief for swaps between affiliated entities, but…

Co-authors: Peter Y. Malyshev, Ellen L. Marks, Brett M. Ackerman, Courtenay Myers Lima, Jonathan T. Ammons.

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CFTC issues further extraterritoriality guidance and relief for cross-border swaps *

USA - January 17 2013
On January 7, 2013, the US Commodity Futures Trading Commission (CFTC) published a time-limited final order (the Final Order)1 exempting certain…

Co-authors: Peter Y. Malyshev, Ellen L. Marks, Stephen P. Wink, Courtenay Myers Lima, Jonathan T. Ammons.

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Federal Reserve releases proposed rules for enhanced prudential standards for foreign banking organizations *

USA - December 21 2012
This Client Alert provides an overview and summary of key requirements of the proposed rules issued on December 14, 2012 by the Board of Governors of the Federal Reserve System (Federal Reserve) to implement the enhanced prudential standards and early remediation requirements of Section 165 and 166 of the Dodd- Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) for foreign banking organizations1 and foreign nonbank financial companies designated for supervision by the Federal Reserve (FBO Proposal).

Co-authors: Melissa R. H. Hall, Courtenay Myers Lima.

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Treasury Department pooled auction initiative to sell TARP investments *

USA - July 25 2012
In 2008 and 2009, the US Department of the Treasury acquired preferred stock from more than 700 banks and bank holding companies as part of the Capital Purchase Program (CPP) under the Troubled Asset Relief Program (TARP).

Co-authors: David S. Allinson, Howard A. Sobel, David I. Brown.

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