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Results: 1-10 of 45

World Bank Group and International Monetary Fund to hold Annual Meetings in Washington, D.C. over weekend
  • Alston & Bird LLP
  • Global
  • October 5 2010

The Boards of Governors of the World Bank Group and the International Monetary Fund (IMF) will be holding their Annual Meeting this upcoming weekend in Washington, DC


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


G-20 Finance Ministers and Central Bank Governors meet to assess progress prior to Pittsburgh Summit
  • Alston & Bird LLP
  • Global
  • September 8 2009

This past weekend, the G-20 Finance Ministers and Central Bank Governors met in London ahead of the Pittsburgh Summit scheduled for later this month to assess their progress in furnishing the Global Plan for Recovery and to agree on further actions to be taken to achieve sustainable growth and create a stronger international financial system


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."


Sumitomo Mitsui Financial Group announces possible capital raise after forecasting $3.9 billion loss
  • Alston & Bird LLP
  • Japan
  • April 9 2009

Today, Sumitomo Mitsui Financial Group (SMFG), one of Japan’s three megabanks, issued an updated forecast for the fiscal year ended March 31, 2009


G-8 Finance Ministers propose framework to strengthen global financial and economic cooperation at meeting
  • Alston & Bird LLP
  • Global
  • June 15 2009

Following its two-day meeting in Lecce, Italy, the G8 Finance Ministers released a statement over the weekend acknowledging the coordinated efforts taken by international community to address the global economic crisis and focusing on the actions that must be taken in the months ahead to ensure "the soundness of systemically important institutions" and that "consumer and investor confidence is fully restored and that growth is underpinned by stable financial markets and strong fundamentals."


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