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Results: 1-10 of 45

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

Sumitomo Mitsui Financial Group announces possible capital raise after forecasting $3.9 billion loss

  • Alston & Bird LLP
  • -
  • Japan
  • -
  • April 9 2009

Today, Sumitomo Mitsui Financial Group (SMFG), one of Japan’s three megabanks, issued an updated forecast for the fiscal year ended March 31, 2009

FRBNY releases additional information on assets acquired by Maiden Lane entities

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

Yesterday, the Federal Reserve Bank of New York (FRBNY) publicly released additional information related to the three Maiden Lane entities, which were formed to acquire certain assets of Bear Stearns and to facilitate the restructuring of the government's financial support of AIG

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

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

Senate Appropriations Subcommittee holds hearing on role of FHA in addressing housing crisis

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

Late last week, the Senate Appropriations Committee’s Subcommittee on Transportation, Housing and Urban Development, and Related Agencies held a hearing today to address the role of the Federal Housing Administration (FHA) in addressing the housing crisis

IMF and European Commission recognize implementation of commitments by Romania’s largest foreign financial institutions

  • Alston & Bird LLP
  • -
  • European Union, Romania
  • -
  • August 11 2009

Yesterday, the International Monetary Fund (IMF) and the European Commission (EC) issued a joint statement recognizing the implementation of the Bank Coordination Initiative for Romania, whereby the parent banks of the nine largest foreign-owned banks incorporated in Romania have signed bilateral commitment letters "to maintain their respective groups’ overall exposure to Romania" and "to increase the capital of their subsidiaries to maintain a 10 percent capital adequacy ratio throughout the program period."

Obama administration hosts Conference on the Future of Housing Finance

  • Alston & Bird LLP
  • -
  • USA
  • -
  • August 18 2010

As previously announced, the Obama administration yesterday held a "Conference on the Future of Housing Finance" to receive input from a diverse group of experts, including citizen advocacy groups, economists, investors, market researchers, originators, securitizers, servicers, and private mortgage insurers, on critical issues surrounding housing finance reform

Lawmakers intensify demands for special inquiry commission to identify causes of financial crisis

  • Alston & Bird LLP
  • -
  • USA
  • -
  • April 23 2009

Yesterday, the U.S. Senate voted to create an independent bi-partisan Financial Markets Commission (FMC) to investigate the causes of the financial crisis

World Bank Group and International Monetary Fund to hold Annual Meetings in Washington, D.C. over weekend

  • Alston & Bird LLP
  • -
  • Global
  • -
  • October 5 2010

The Boards of Governors of the World Bank Group and the International Monetary Fund (IMF) will be holding their Annual Meeting this upcoming weekend in Washington, DC