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 31

Federal Reserve Vice Chairman Kohn submits notice of intent to resign
  • Alston & Bird LLP
  • USA
  • March 1 2010

Today, Donald Kohn submitted notice of his intent to resign as the Vice Chairman and member of the Board of Governors of the Federal Reserve System, effective at the expiration of his term as Vice Chairman on June 23


Chrysler bankruptcy judge approves GMAC as preferred lender for dealers
  • Alston & Bird LLP
  • USA
  • May 13 2009

Yesterday, U.S. Bankruptcy Judge Arthur Gonzalez approved a motion by Chrysler LLC requesting that GMAC LLC become the preferred lender for its dealer network, and be permitted to provide wholesale, retail and other product-related financing for Chrysler dealers and customers to purchase vehicles


Congressional Oversight Panel releases report on use of TARP funds to reorganize U.S. auto industry
  • Alston & Bird LLP
  • USA
  • September 11 2009

After holding a hearing on the topic this past July, the Congressional Oversight Panel (COP) released a report earlier this week entitled, "The Use of TARP Funds in Support and Reorganization of the Domestic Automotive Industry," examining how TARP funds have been used to support and reorganize both General Motors and Chrysler through the bankruptcy process


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


Federal Reserve Bank of New York acknowledges publication of CDS central counterparty legal analysis by industry participants
  • Alston & Bird LLP
  • USA
  • July 14 2009

On July 13, the Federal Reserve Bank of New York (FRBNY) issued a press release to acknowledge the publication by a group of 8 dealers and 8 buy-side market participants of a "cross-jurisdictional analysis of legal and regulatory issues facing credit default swap central counterparties (CDS CCPs) with respect to customer access to central clearing platforms."


New York Fed issues statement regarding counterparties for reverse repo agreements
  • Alston & Bird LLP
  • USA
  • March 8 2010

Today, the Federal Reserve Bank of New York (FRBNY) announced the commencement of a program to expand its counterparties for conducting reverse repurchase agreement transactions, pursuant to the FRBNY statement issued last October


House Financial Services Committee holds mark-up on Consumer Financial Protection Agency Act
  • Alston & Bird LLP
  • USA
  • October 16 2009

Following the passage of the OTC Derivatives Markets Act of 2009, the House Financial Services Committee began the mark-up of the Consumer Financial Protection Agency Act of 2009, H.R. 3126, which was circulated by Chairman Frank late last month


Treasury Department releases fact sheet and letter in support of additional IMF funding
  • Alston & Bird LLP
  • USA
  • May 18 2009

Today, the U.S. Treasury Department released a fact sheet on IMF reforms and the New Arrangements to Borrow (NAB), highlighting the need for additional IMF funding as a trigger for “restoring a healthy world economy,” and alleviating the effects of the economic crisis on emerging markets and developing countries


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


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