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Results: 1-10 of 15

House Agriculture Committee holds hearing on discussion draft of Financial Stability Improvement Act
  • Alston & Bird LLP
  • USA
  • November 18 2009

Yesterday, the House Agriculture Committee held a hearing to review the discussion draft of the Financial Stability Improvement Act of 2009 (the FSIA) released by the Treasury and the House Financial Services Committee in late October, which is still currently under mark-up by the House Financial Services Committee


SEC votes to adopt statement reaffirming SEC commitment to move US towards IFRS
  • Alston & Bird LLP
  • USA
  • February 24 2010

At an open meeting held today, the five Commissioners of the Securities and Exchange Commission (SEC) voted unanimously to issue a statement reaffirming the SEC’s commitment to determine whether to move U.S. companies towards the use of global accounting standards, or International Financial Reporting Standards (IFRS) for financial reporting, instead of U.S. Generally Accepted Accounting Principles (GAAP


IOSCO publishes recommendations on unregulated financial markets and products
  • Alston & Bird LLP
  • Global
  • May 6 2009

Yesterday, the International Organization of Securities Commissions’ (IOSCO) Technical Committee released a report prepared by its Task Force on Unregulated Financial Markets and Products


SEC files first credit default swap insider trading enforcement action
  • Alston & Bird LLP
  • USA
  • May 6 2009

Yesterday, the Securities and Exchange Commission filed a civil action against two individuals working in the financial services industry, charging them with insider trading in credit default swaps of VNU N.V., an international holding company that owns Nielsen Media and other media businesses


House Financial Services Committee holds hearing on effect of Lehman Brothers bankruptcy on state and local governments
  • Alston & Bird LLP
  • USA
  • May 5 2009

Today, the House Financial Services Committee, chaired by Representative Barney Frank (D-MA), held a hearing on the effects of the Lehman Brothers bankruptcy on state and local governments and other publicly-funded entities


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


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


SEC proposes new rules regarding mutual fund distribution fees and adopts amendments to Form ADV for investment advisers
  • Alston & Bird LLP
  • USA
  • July 21 2010

Today, the Securities and Exchange Commission ("SEC") voted unanimously to propose a new rule and rule and form amendments under the Investment Company Act of 1940, the Securities Act of 1933 and the Securities Exchange Act of 1934, each as amended, regarding the regulation of distribution fees paid by registered open-end management investment companies, or mutual funds


SEC permits Eurex Clearing AG and ICE Clear Europe Limited to operate as central counterparties for credit default swaps
  • Alston & Bird LLP
  • USA
  • July 23 2009

Today, the Securities and Exchange Commission (SEC) announced its approval of conditional temporary exemptions to allow Eurex Clearing AG (Eurex) and ICE Clear Europe Limited (ICE) to operate as central counterparties (CCPs) to clear credit default swaps (CDS


FSA publishes discussion paper on fundamental changes to trading activity regulation
  • Alston & Bird LLP
  • United Kingdom
  • August 25 2010

Today, the U.K. Financial Services Authority (FSA) published a discussion paper entitled “The prudential regime for trading activities - a fundamental review” that considers fundamental changes to the regulation of trading activities