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Results: 1-10 of 17

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


Membership of Congressional Oversight Panel changes
  • Alston & Bird LLP
  • USA
  • May 23 2010

On Friday, Congressional Oversight Panel Chair Elizabeth Warren announced the resignation of former Securities and Exchange Commissioner Paul Atkins from the Congressional Oversight Panel


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


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


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


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


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


AIG announces intention to sell part of its stake in Transatlantic Holdings
  • Alston & Bird LLP
  • USA
  • May 29 2009

Yesterday, American International Group, Inc. (AIG) announced its intentions to sell a portion of its 59 stake in Transatlantic Holdings Inc. (TRH), a reinsurer that is publicly traded on the New York Stock Exchange, in an underwritten secondary offering intended to raise capital for AIG