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.

Search results

Order by: most recent most popular relevance



Results: 1-10 of 70

House Committee on Financial Services, Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises holds hearing addressing mark-to-market accounting
  • Alston & Bird LLP
  • USA
  • March 13 2009

Yesterday, the House Committee on Financial Services, Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises held a hearing entitled "Mark-to-Market Accounting: Practices and Implications."


TALF subscription deadline extended
  • Alston & Bird LLP
  • USA
  • March 13 2009

Today, the Federal Reserve Bank of New York (FRBNY) announced that it "will extend the window for the first subscriptions for funding from the Term Asset-Backed Securities Loan Facility (TALF) by two days"


GM auditor opinion expresses doubts about "going concern"
  • Alston & Bird LLP
  • USA
  • March 7 2009

On Thursday, General Motors Corporation (GM) filed its Annual Report on Form 10-K with the Securities and Exchange Commission which notably included an opinion of its auditors on its financial statements in which the auditors stated that GM’s "recurring losses from operations, stockholders’ deficit, and inability to generate sufficient cash flow to meet its obligations and sustain its operations raise substantial doubt about its ability to continue as a going concern."


Treasury and Federal Reserve launch Term Assert-Backed Securities Loan Facility
  • Alston & Bird LLP
  • USA
  • March 3 2009

This morning the Department of Treasury and the Federal Reserve announced the launch of the Term Assert-Backed Securities Loan Facility (TALF), including revised Terms and Frequently Asked Questions


SEC proposes rules overhauling Regulation AB
  • Alston & Bird LLP
  • USA
  • April 8 2010

In an open meeting held yesterday, the Securities and Exchange Commission (SEC) unanimously approved and released for public comment proposed rules that seek to substantially enhance the regulatory framework in place for asset-backed securities (ABS) through significant revisions to the present offering, disclosure and reporting requirements


FINRA fines Deutsche Bank Securities $7.5 million for negligent misrepresentation and other violations in connection with subprime mortgage issuances
  • Alston & Bird LLP
  • USA
  • July 23 2010

Yesterday, the Financial Industry Regulatory Authority (FINRA) announced that it has fined Deutsche Bank Securities Inc. (Deutsche Bank) $7.5 million for negligently misrepresenting and underreporting delinquency data in connection with the issuance of subprime securities, failing to correct errors by third-party vendor and servicers, and failing to establish proper systems and controls to supervise its “reporting of required historical delinquency information.”


FDIC closes pilot securitization of performing single-family mortgages
  • Alston & Bird LLP
  • USA
  • July 30 2010

Today, the FDIC announced the closing of a $471.3 million securitization of performing single-family mortgages from 16 failed banks


U.S. outlines goals for upcoming Toronto Summit, as EU leaders issue open letter to G-20 leaders
  • Alston & Bird LLP
  • Global, USA
  • June 24 2010

On Tuesday, in advance of the G-20 Summit to be held in Toronto this weekend, U.S. Treasury Secretary Timothy Geithner and Director of the National Economic Council Larry Summers published an op-ed in the Wall Street Journal outlining their agenda at the Toronto Summit and “highlighting the importance of the G-20 in building a united approach to global economic recovery."


Federal Reserve issues rulemakings to address certain mortgages practices
  • Alston & Bird LLP
  • USA
  • August 17 2010

Yesterday, the Federal Reserve announced the following final, interim and proposed rulemakings addressing certain lending practices that relate to mortgages, jumbo mortgages and reverse mortgages


SEC proposes rules regarding third-party due diligence reports and certifications for asset-backed securities
  • Alston & Bird LLP
  • USA
  • June 1 2011

As part of its continuing efforts to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), on May 18, 2011, the U.S. Securities and Exchange Commission (the “Commission”) unanimously approved for public comment proposed rules that would require nationally recognized statistical rating organizations (NRSROs), issuers and underwriters to make public the findings and conclusions of any due diligence reports prepared by a third-party service provider in an asset-backed securities transaction