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Financial services regulatory reform update - June 24, 2011

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • June 24 2011

After a couple of relatively light weeks, driven in large part by the fact that it has seemed like the House and the Senate have rarely been in session at the same time during the past month, this past week saw an explosion of activity

Financial services legislative and regulatory update

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • August 5 2011

Although an 11th-hour agreement on the debt ceiling by the congressional leadership was reached, and the US was not forced to default, the collateral damage of this debate was evident late Friday evening when Standard & Poor‘s announced that it was downgrading the US credit rating from AAA to AA

Financial services regulatory reform update - June 17, 2011

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • June 17 2011

As the August 2nd deadline to increase the debt limit draws nearer, the “Biden group,” has redoubled its efforts

GOP leaders doubt administration's prediction of catastropic effect of U.S. soverign debt default

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • June 10 2011

As noted by David Frum, a conservative pundit and former speechwriter for President George W. Bush, there is a growing consensus among both conservative and mainstream Republicans who think a technical default is a manageable outcome

JP Morgan CEO publically attacks Fed Chairman on regulatory reform

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • June 10 2011

On June 7th, at a bankers conference in Atlanta, CEO of JPMorgan Chase Jamie Dimon took the rare action of publicly questioning Fed Chairman Ben Bernanke in an open forum on banking reform

House subcommittee passes bills aimed at modifying portions of the Dodd-Frank Act

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • May 6 2011

The House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises favorably reported a package of seven bills that make changes to the Dodd-Frank reform legislation

OCC to implement Dodd-Frank preemption rules

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • May 13 2011

Earlier this week, the Office of the Comptroller of the Currency sent a letter to Sen. Tom Carper (DDE) laying out the agency’s plans to implement federal preemption provisions from Section 1044 of Dodd-Frank

British commission report signals high capital requirements

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • Global, United Kingdom
  • -
  • May 27 2011

Under current plans being considered by the British Independent Commission on Banking, British banks could be subject to capital requirements up to half as much as their minimum equity

Financial services legislative and regulatory review - July 25, 2011

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • July 25 2011

Once again, the nation‘s and the worlds attention was fixated on Washington this past week, as both parties continued to play an incredible game of chicken with the debt ceiling issue

CFTC announces measure to proide legal certainity to regulated institutions in lieu of finalized rules by the July deadline

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • June 3 2011

On June 2nd, CFTC Chairman Gary Gensler announced that the agency will be issuing a preventative measure to protect derivatives users from legal issues and uncertainty before the July 16th deadline to enforce certain Dodd-Frank requirements