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Results: 1-10 of 47

Financial services update April 28 2014 feature: U.K. developments

  • Winston & Strawn LLP
  • -
  • United Kingdom
  • -
  • April 28 2014

Earlier this month, the Bank of England and the European Central Bank issued a joint paper entitled "The Impaired EU Securitisation Market: Causes

FINRA proposes inclusion of ABS in TRACE

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • October 5 2009

On October 1st, the Financial Industry Regulatory Authority proposed the expansion of its Trade Reporting and Compliance Engine to include all asset-backed securities, including mortgage-backed securities and collateralized debt obligations

TALF and non-mortgage ABS: formal risk assessment and expansion of credit rating agency eligibility

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • October 9 2009

On October 5, 2009, the Federal Reserve Board (the "Board") announced changes to the Term Asset-Backed Securities Loan Facility ("TALF"), which is maintained by the Federal Reserve Bank of New York ("FRBNY") as authorized on November 24, 2008, and is intended to aid market participants in meeting the credit needs of investors in highly rated asset-backed securities ("ABS"

Federal Reserve Board announces changes to TALF

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • October 12 2009

On October 5th, the Federal Reserve Board announced two changes to the procedures for evaluating asset-backed securities pledged to the Term Asset-Backed Securities Loan Facility ("TALF"

FDIC chairman addresses International Institute of Finance

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • October 12 2009

On October 4th, FDIC Chairman Sheila Bair spoke on reforms needed in the financial services industry

Federal Reserve Board issues final rule on TALF credit rater eligibility

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • December 14 2009

On December 4th, the Federal Reserve Board announced the adoption of a final rule that would establish a process by which the Federal Reserve Bank of New York may determine the eligibility of credit rating agencies for the Term Asset-Backed Securities Loan Facility

FINRA reminds firms of sales practice obligations relating to principal-protected notes

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • January 4 2010

On December 17th, the Financial Industry Regulatory Authority reminded firms to ensure that promotional materials and public communications regarding principal protected notes are fair, balanced, and do not overstate the level of protection offered or an investment's potential returns, and that firms have a duty to ensure that their registered representatives understand the risks, terms and costs associated with these products, and that they perform an adequate suitability analysis before recommending them to a customer

New York Federal Reserve Bank issues statement on reverse repos

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • October 26 2009

On October 19th, the Federal Reserve Bank of New York announced that it has been working internally and with market participants on operational aspects of reverse repurchase agreements as a tool for reducing the money supply

New York Fed to test reverse tri-party repos

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • December 7 2009

On November 30th, the Federal Reserve Bank of New York announced plans to conduct a series of small-scale, real-value transactions with primary dealers to test procedures for tri-party reverse repurchase agreements

FDIC proposes safe harbor protections for securitizations

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • January 11 2010

On January 7th, the FDIC issued an Advance Notice of Proposed Rulemaking regarding safe harbor protection for treatment by the FDIC as conservator or receiver of financial assets transferred by an insured depository institution in connection with a securitization or participation