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Results: 1-10 of 45

G-20 finance ministers and central bank governors meet to discuss global economic recovery
  • Alston & Bird LLP
  • Global
  • November 9 2009

As a follow-up to the G-20 summit held in Pittsburgh in September, the G-20 finance ministers and central bank governors met this weekend in Scotland to discuss the G-20's new approach to economic cooperation


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


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


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


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."


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


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


Senate Banking Committee holds hearing on government actions related to AIG
  • Alston & Bird LLP
  • USA
  • March 6 2009

Yesterday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, chaired by Senator Christopher Dodd (D-CT), held a hearing entitled “American International Group (AIG): Examining What Went Wrong, Government Intervention, and Implications for Future Regulation.”


EU Competition Commissioner Kroes addresses whether government intervention alleviated crisis in Europe
  • Alston & Bird LLP
  • European Union, United Kingdom
  • July 1 2009

Yesterday, in a speech at the International Banking Conference of British Bankers Association in London, E.U. Competition Commissioner Neelie Kroes stated that, while government intervention efforts had alleviated the crisis, the focus should now be directed towards helping “restore long-term viability to the system,” since European governments are “potential spending 16.5 of GDP on bailouts.”


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