Margot Mendelson Hammond

Dechert LLP

Articles

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Big Changes in Lease Accounting: FASB Releases Final Standards

USA - March 3 2016 The Financial Accounting Standards Board (the "FASB") released the long-anticipated final standards, Leases (Topic 842) (the "Final Standards" or…

Stephanie L. Frank, Bruce D. Hickey

NAIC rule on CTLs: unintended consequences

USA - July 27 2011 The National Association of Insurance Commissioners (“NAIC”) recently set off a firestorm among life insurance companies that invest in credit tenant loans (“CTLs”) and other so-called “loan-backed and structured securities” by adopting regulations that change the NAIC designation of debt securities (other than those already designated NAIC-1), which trade in the secondary market at either a discount from face value or at a premium (or are carried on the books of an insurance company at either a premium or discount).

Lewis A. Burleigh