Alston & Bird LLP | USA | 24 Sep 2010
Today, Treasury Secretary Geithner, who serves as chairperson to the Financial Stability Oversight Council, announced that the Council will hold its first meeting on October 1, 2010.
Alston & Bird LLP | USA | 28 Apr 2010
Yesterday, Senate Republicans circulated a brief summary of the Financial Regulatory Improvement and Taxpayer Protection Act, a Republican substitute to the Restoring American Financial Stability Act of 2010 (S.3217) previously passed by the Senate Banking Committee along party lines, and which has failed to reach the Senate floor for debate following three failed cloture motions by Senate......
Alston & Bird LLP | USA | 26 Mar 2010
Yesterday, Ambac Financial Group (Ambac) announced that its principal subsidiary Ambac Assurance Corporation (AAC), has established "a segregated account for certain of AAC's liabilities, primarily policies related to credit derivatives, residential mortgage-backed securities (RMBS) and other structured finance transactions" pursuant to the direction of the Wisconsin Office of the......
Alston & Bird LLP | USA | 2 Dec 2009
Today, the Joint Economic Committee held a hearing entitled "Unregulated Markets: How Regulatory Reform Will Shine A Light in the Financial Sector."