We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
In cooperation with Association of Corporate Counsel
  Request new password

Search results

Order by most recent / most popular / relevance

Results: 1-10 of 153

New York State Insurance Department issues Circular Letter regarding regulation of credit default swaps

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • September 24 2008

On September 22, 2008, the New York State Insurance Department ( the “Department”) announced in revised Circular Letter No. 19 (2008) ( the “Circular Letter”) a series of “best practices” for financial guaranty insurance companies (each a “FGI” or, collectively, “FGIs”) which provide insurance or “wraps” for municipal bonds or asset-backed securities (“ABS”) through either credit default swaps (each a “CDS”, or collectively, “CDSs”) or financial guaranty policies

New York Insurance Department regulates certain credit default swaps for the first time

  • Dentons
  • -
  • USA
  • -
  • September 25 2008

On September 22, 2008, the New York Department of Insurance issued Circular Letter No. 19 ("Circular Letter"), establishing, for the first time, that certain credit default swaps will be regulated as insurance products by the New York Insurance Department

New York to regulate credit default swaps as insurance

  • Jorden Burt LLP
  • -
  • USA
  • -
  • September 26 2008

On September 22, 2008, New York Governor Paterson announced that New York will soon begin regulating certain credit default swaps (CDS) as insurance contracts

Lehman Brothers bankruptcy filings: issues for replacement swap counterparties and their municipal clients

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • October 8 2008

Voluntary petitions for protection under chapter 11 of the United States Bankruptcy Code (the “Code”) were filed on September 15, 2008 by Lehman Brothers Holdings Inc. (“Holdings”), on October 3, 2008 by Lehman Brothers Special Financing Inc. (“LBSF”), and on October 5, 2008 by Lehman Brothers Financial Products Inc. (“LBFP”) and Lehman Brothers Derivative Products Inc

Regulation of the credit default swap market by New York State Insurance Department

  • White & Case LLP
  • -
  • USA
  • -
  • October 15 2008

On September 22, 2008, the New York State Insurance Department (the “Department”) issued Circular Letter No. 19 (2008) (the “Circular”) outlining “best practices” for financial guaranty insurers

NAIC proposes insurer disclosure of positions held in credit derivatives and certain guarantees

  • Locke Lord LLP
  • -
  • USA
  • -
  • November 4 2008

The Statutory Accounting Principles Working Group of the National Association of Insurance Commissioners (“NAIC”) recently issued a proposal (the "Proposal") to enhance the disclosure of positions held in credit derivatives, hybrid instruments that have embedded credit derivatives, and certain guarantees in the financial statements filed by insurers

New York State Insurance Department defers regulation of credit default swaps indefinitely

  • Alston & Bird LLP
  • -
  • USA
  • -
  • November 21 2008

The New York State Insurance Department (the “Insurance Department”) announced yesterday that it is indefinitely deferring the effective date of measures to regulate credit default swaps (CDS) as insurance contracts

N.Y. reconsiders regulating credit default swaps as insurance

  • Locke Lord LLP
  • -
  • USA
  • -
  • November 24 2008

In congressional testimony before the House Agriculture Committee on Thursday, November 20, 2008, New York Superintendent of Insurance Eric Dinallo announced that New York is postponing its plans to regulate certain credit default swap contracts (“CDS Contracts”) as insurance

State of New York Insurance Department will not regulate credit default swaps as insurance

  • Kramer Levin Naftalis & Frankel LLP
  • -
  • USA
  • -
  • November 21 2008

Much has been written lately regarding the role of derivatives and, specifically, credit default swaps (CDS), in the current market turmoil

New York State Insurance Department tables plan to regulate credit default swaps

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • November 21 2008

One of the most controversial proposals for regulating the derivatives market may have come to an end with yesterday’s announcement by New York State Insurance Department Superintendent Eric Dinallo that his department would delay indefinitely its plan to regulate covered credit default swaps (“CDS”