USA - December 16 2009 Yesterday, the FDIC Board of Directors (Board) approved an advanced notice of proposed rulemaking (ANPR) for safe harbor protection of failed banks assets being transferred for securitization.
USA - December 12 2009 Yesterday, the OCC closed Valley Capital Bank, N.A. headquartered in Mesa, Arizona, and the FDIC was named as receiver.
USA - December 12 2009 Yesterday, the OCC closed Republic Federal Bank, N.A., headquartered in Miami, Florida, and the FDIC was named as receiver.
USA - December 11 2009 Earlier today, the Obama Administration released its most recent Servicer Performance Report, detailing the progress made under the Making Home Affordable loan modification program ("MHA Program") through November 2009.
European Union - December 10 2009 Yesterday, the Committee of European Banking Supervisors (CEBS) released its "Guidelines on Liquidity Buffers & Survival Periods," which are the result of a four-month public consultation period and public hearing.