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Results: 1-10 of 45

ASEAN3 announces $120 billion emergency liquidity fund for Asian economies
  • Alston & Bird LLP
  • Asia-Pacific
  • May 5 2009

At the Asian Development Bank’s (ADB) annual meeting, held today and yesterday, finance ministers from the Association of the Southeast Asian Nations (ASEAN) and Japan, South Korea, and China (collectively, with ASEAN, known as ASEAN3) have announced their agreement on an emergency $120 billion liquidity fund that the 13 Asian nations can draw upon to combat damaging effects of the global financial crisis


Federal Reserve schedules small-value auctions under Term Deposit Facility
  • Alston & Bird LLP
  • USA
  • May 28 2010

The Federal Reserve announced today that, through its Term Deposit Facility, it had scheduled three small-value auctions of term deposits over the next two months, the structure of which the Federal Reserve authorized two weeks ago


Latest developments in the foreclosure documentation crisis
  • Alston & Bird LLP
  • USA
  • October 19 2010

Various developments have occurred this week relating to the heightened concern over defective foreclosure processes and the moratoriums on foreclosure proceedings instituted by certain financial services companies, including Bank of America and GMAC, a subsidiary of Ally Financial


Senator Lincoln proposes alternate bank spinoff provision
  • Alston & Bird LLP
  • USA
  • June 15 2010

Senator Blanche Lincoln (D-NE), Chairwoman of the Senate Agriculture Committee, who advocated for a provision in the financial regulatory reform bill that would effectively force banks to spin off their derivatives trading businesses, has released a minimal term sheet modifying this provision


Ecofin Council adopts conclusions on capital requirements, remuneration policies and public finances
  • Alston & Bird LLP
  • European Union
  • November 11 2009

Yesterday, the E.U.'s Economic and Financial Affairs Council adopted various conclusions with respect to capital requirements and remuneration policies in the financial services sector, and the sustainability of public finances


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


European Parliament approves financial supervision reform package
  • Alston & Bird LLP
  • European Union
  • September 23 2010

Yesterday, the European Commission voted to approve the financial supervision reform package, which will shift the manner in which banks, stock markets and insurance companies are supervised and policed in Europe


SEC charges Citigroup and two executives in connection with misleading information regarding exposure to subprime assets
  • Alston & Bird LLP
  • USA
  • July 30 2010

Yesterday, the Securities and Exchange Commission ("SEC") charged Citigroup with misleading investors concerning the company's exposure to subprime mortgage-related assets


House Judiciary Subcommittee holds hearing on voluntary mortgage modifications
  • Alston & Bird LLP
  • USA
  • December 11 2009

Today, the Subcommittee on Commercial and Administrative Law of the House Judiciary Committee held a hearing entitled "Home Foreclosures: Will Voluntary Mortgage Modifications Help Families Save Their Homes? Part II," in which various witnesses discussed the effectiveness of the government's efforts to prevent additional mortgage foreclosures and encourage modifications of existing loans


Financial Crisis Inquiry Commission holds field hearing in Miami, Florida
  • Alston & Bird LLP
  • USA
  • September 21 2010

Today, the Financial Crisis Inquiry Commission (FCIC) held the third in a series of four field hearings, entitled "The Impact of the Financial Crisis - Miami, Florida" to examine the role and impact of mortgage fraud in Miami