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Results: 1-10 of 31

Federal Reserve Bank of New York acknowledges publication of CDS central counterparty legal analysis by industry participants

  • Alston & Bird LLP
  • -
  • USA
  • -
  • July 14 2009

On July 13, the Federal Reserve Bank of New York (FRBNY) issued a press release to acknowledge the publication by a group of 8 dealers and 8 buy-side market participants of a "cross-jurisdictional analysis of legal and regulatory issues facing credit default swap central counterparties (CDS CCPs) with respect to customer access to central clearing platforms."

Federal Reserve announces Reserve Bank income and transfers to U.S. Treasury for 2009

  • Alston & Bird LLP
  • -
  • USA
  • -
  • January 12 2010

Today, the Federal Reserve Board announced preliminary unaudited results confirming that the regional Reserve Banks had paid approximately $46.1 billion of their estimated 2009 net income of $52.1 billion to the U.S. Treasury, after providing for the payment of $1.4 billion in statutory dividends to member banks and using $4.6 billion to equate surplus to paid-in capital

Federal Reserve Vice Chairman Kohn submits notice of intent to resign

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 1 2010

Today, Donald Kohn submitted notice of his intent to resign as the Vice Chairman and member of the Board of Governors of the Federal Reserve System, effective at the expiration of his term as Vice Chairman on June 23

Financial Crisis Inquiry Commission holds field hearing in Miami, Florida

  • Alston & Bird LLP
  • -
  • USA
  • -
  • September 21 2010

Today, the Financial Crisis Inquiry Commission (FCIC) held the third in a series of four field hearings, entitled "The Impact of the Financial Crisis - Miami, Florida" to examine the role and impact of mortgage fraud in Miami

Federal banking agencies issue report to congressional committees on differences in accounting and capital standards

  • Alston & Bird LLP
  • -
  • USA
  • -
  • August 9 2010

Today, the federal banking agencies, including the OCC, Federal Reserve, FDIC and OTS issued their joint annual report to the House Financial Services Committee and the Senate Banking Committee describing the differences between the accounting and capital standards used by the agencies

House Financial Services Subcommittee holds hearing on impact of credit scores and reports on consumers

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 25 2010

Yesterday, the House Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing entitled "Keeping Score on Credit Scores: An Overview of Credit Scores, Credit Reports and their Impact on Consumers"

Bank of the Ozarks assumes all of the deposits of Woodlands Bank

  • Alston & Bird LLP
  • -
  • USA
  • -
  • July 19 2010

On Friday, the Office of Thrift Supervision closed Woodlands Bank, headquartered in Bluffton, South Carolina, and appointed the FDIC as receiver for the bank

Treasury Secretary Geithner testifies before Congressional Oversight Panel

  • Alston & Bird LLP
  • -
  • USA
  • -
  • April 21 2009

Today, Treasury Secretary Timothy Geithner testified before the Congressional Oversight Panel (COP), which oversees Treasury’s actions in implementing the Troubled Asset Relief Program (TARP

House Oversight and Government Reform Committee issues subpoena to FRBNY regarding AIG

  • Alston & Bird LLP
  • -
  • USA
  • -
  • January 13 2010

Yesterday, Congressman Edolphus Towns (D-NY), Chairman of the House Oversight and Government Reform Committee, issued a subpoena to the Federal Reserve Bank of New York (FRBNY) for documents related to payments made to American International Group (AIG) counterparties

Treasury and other financial regulators issue financial sector self-assessment reviews to IMF

  • Alston & Bird LLP
  • -
  • USA
  • -
  • August 31 2009

Today, the U.S. Treasury and various other U.S. financial system supervisors and regulators, including the Federal Reserve, Office of the Comptroller of the Currency, Office of Thrift Supervision, Federal Deposit Insurance Corporation, Securities and Exchange Commission, Commodity Futures Trading Commission, and National Association of Insurance Commissioners, submitted financial sector self-assessment reviews for banking, securities, insurance, and payment systems to the International Monetary Fund (IMF