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Results: 1-10 of 95

Court denies Wells Fargo’s motion to dismiss on statute of limitations grounds

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 10 2010

The United States District Court for the Northern District of California recently granted in part and denied in part motions to dismiss a class action brought by a class of purchasers of mortgage pass-through certificates

Speech by Sally Dewar - taking the FSA's corporate governance agenda forward

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • April 6 2010

Sally Dewar, the Financial Services Authority's (FSA) managing director of Risk, gave a speech entitled "Taking the FSA's corporate governance agenda forward" at the City Corporate Governance and Remuneration Summit on 30 March 2010

District of Maine certifies question of what constitutes “cognizable injury” from data breach to Supreme Judicial Court of Maine

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 11 2009

Last month, the United States District Court for the District of Maine certified a question of law to the Supreme Judicial Court of Maine regarding the issue of what constitutes cognizable injury to a consumer in a case stemming from the alleged theft of credit card data, a question of great signficance in the relatively new field of data security law

Lloyds TSB Bank settles with OFAC

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 23 2009

On December 22, 2009, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced the settlement of apparent violations by Lloyds TSB Bank of OFAC regulations relating to Iran, Sudan and Libya

European Commission publishes report on tying and other potentially unfair commercial practices in retail financial services

  • Edwards Wildman Palmer LLP
  • -
  • European Union
  • -
  • January 29 2010

On 15 January 2010, the Internal Market Directorate General of the European Commission published for consultation a paper by the Centre for European Policy Studies entitled "Tying and other potentially unfair commercial practices in the retail financial service sector"

Confederation of British Industry and PricewaterhouseCoopers publish report on the future of the financial services industry

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • January 28 2010

On the 20th anniversary of the Confederation of British Industry and PricewaterhouseCoopers Financial Services Survey, twenty leading figures from across the financial services industry have given their views in a report entitled "2020 Vision - The Future of Financial Services" (the Report

The People's Bank of China announce the renminbi will no longer be pegged to the US dollar

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • June 24 2010

The People's Bank of China (the POBC) announced on 19 June 2010 that the renminbi (RMB) was to exit the peg to the US dollar

NAIC releases RFP to produce designations for commercial mortgage-backed securities

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 2 2010

The NAIC is seeking proposals for a vendor to model expected losses on approximately 7,500 commercial mortgage-backed securities (CMBS) as of December 31, 2010, according to a news release issued by the NAIC July 28, 2010

State regulators vie for seat on the newly proposed Financial Services Oversight Council

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 3 2009

As previously discussed, the United State Treasury Department has recently submitted a proposal to form a Financial Services Oversight Council (the "Council") composed of various federal regulators to coordinate financial services regulation and oversight, but would not include a representative to the Council that has a specific insurance or reinsurance regulatory portfolio

Chief Executive of the FSA gives update on UK regulatory reform

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • January 4 2011

We have reported previously on proposals to establish a 'twin peaks' regulatory approach in the UK

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