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Results: 1-10 of 117

The United States, Australia and the United Kingdom gang up on international tax evasion

  • Alston & Bird LLP
  • -
  • Australia, United Kingdom, USA
  • -
  • May 15 2013

In a news release on May 9, 2013, the tax authorities of the United States, Australia and the United Kingdom announced a plan to share tax

U.K.’s FSA suggests changes to EU bank branch passporting rights

  • Alston & Bird LLP
  • -
  • European Union, United Kingdom
  • -
  • February 10 2009

Yesterday, the U.K.’s Financial Services Authority (FSA) released a report entitled “Financial Risk Outlook 2009.”

British authorities launch investigation into AIG financial products unit

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • February 13 2009

Yesterday, the Serious Fraud Office (SFO) in London announced that it had launched a preliminary investigation into the U.K. operations of AIG Financial Products Corp. (AIGFP), a subsidiary of American International Group (AIG

Lloyds and RBS complete negotiations with HM Treasury on restructurings

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • November 3 2009

Today, HM Treasury announced the conclusion of discussions with Lloyds Banking Group (Lloyds) and Royal Bank of Scotland Plc (RBS), regarding their participation in the U.K. Government’s Asset Protection Scheme (GAPS) announced this past January to "remove uncertainty about the value of banks’ past investments and allow banks to rebuild and restructure their operations to increase lending in the economy."

FSA, Office of Fair Trading and Financial Ombudsman Service jointly propose creation of new consumer protection committee

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • March 11 2010

As the debate continues in the U.S. Congress over the creation of a Consumer Financial Protection Agency, the U.K. Financial Services Authority (FSA), Office of Fair Trading (OFT) and Financial Ombudsman Service (FOS and collectively the Authorities) today jointly proposed the creation of a new committee to identify and address risks to consumers, whether through regulatory action or resolution of consumer complaints, before they become widespread problems or mass claims

European Commission announces decisions on state aid for KBC, ING and Lloyds

  • Alston & Bird LLP
  • -
  • Belgium, European Union, Netherlands, United Kingdom
  • -
  • November 18 2009

Today, the European Commission (EC) announced decisions regarding state aid for KBC Group NV (KBC), ING Groep NV (ING) and Lloyds Banking Group (Lloyds), which will "secure their long term viability," "require each of these banks to contribute substantially to the financing of their restructuring," and "ensure that none of these banks will enjoy an unfair competitive advantage as a result of the very large-scale public support they have received."

U.K. government announces new business loan programs

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • January 14 2009

Today, the U.K. government announced “a package of measures designed to address the cash flow, credit and investment needs of small and medium businesses.”

European Commission widens investigation into restructuring plan for Northern Rock

  • Alston & Bird LLP
  • -
  • European Union, United Kingdom
  • -
  • May 7 2009

Today, the European Commission announced it has extended the scope of its April 2 in-depth investigation into the UK's aid package and restructuring plan for Northern Rock Plc

U.K. Treasury restructures RBS investment

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • January 21 2009

Yesterday, the U.K. Treasury announced that it has restructured its equity investment in the Royal Bank of Scotland (RBS) to “stabilize further its position and ensure it has the tools to enhance its contribution to the long term strength of the economy”

European Central Bank and Bank of England move to ease liquidity

  • Alston & Bird LLP
  • -
  • European Union, United Kingdom
  • -
  • May 7 2009

Today, the European Central Bank (ECB), in the interest of encouraging banks to "maintain and expand their lending to clients," "help to improve market liquidity in important segments of the private debt security market, and to ease funding conditions for banks and enterprises," announced the following actions