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OECD releases latest Economic Outlook

  • Alston & Bird LLP
  • -
  • Global, USA
  • -
  • November 19 2009

Today, the Organization for Economic Co-Operation and Development (OECD) released its latest Economic Outlook

Central banks announce swap agreements to provide additional liquidity to US financial institutions

  • Alston & Bird LLP
  • -
  • Global, USA
  • -
  • April 6 2009

This morning, the Federal Reserve announced that it has reached agreements with the Bank of England (BoE), the European Central Bank (ECB), the Bank of Japan (BoJ), and the Swiss National Bank (SNB) for the provision, if the need should arise, of foreign currency liquidity by the Federal Reserve to U.S. financial institutions

U.S. representatives send letter opposing any IMF bailout of Spain

  • Alston & Bird LLP
  • -
  • Global, Spain, USA
  • -
  • May 6 2010

Yesterday, amid concerns about the Greek financial crisis spreading to other European states, U.S. Congressman Mike Pence (R-IN), Chairman of the House Republican Conference, and Conference Vice-Chair Cathy McMorris Rodgers (R-WA), sent a letter to Vice-President Joe Biden, who is travelling to Spain and Belgium to meet with European leaders on security issues, urging the Vice President to "make it clear that the U.S. will oppose" any request from Spain for a bailout from the International Monetary Fund (IMF), and that the U.S., as the IMF's leading contributor, will "do all in its power" to "reject putting American money further at risk."