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Obama administration announces additional details for conference on the future of housing finance

USA - August 13 2010 Today, the Obama administration issued a press release announcing new details regarding a conference to be held on August 17, 2010, to discuss comprehensive housing finance reform.

Congressional Oversight Panel releases February oversight report

USA - February 12 2010 Yesterday, the Congressional Oversight Panel (COP) released its February oversight report, "Commercial Real Estate Losses and the Risks to Financial Stability."

Final settlement following the division of Landsbanki Íslands announced

Iceland - December 19 2009 Yesterday, Iceland’s Ministry of Finance and the Resolution Committee of Landsbanki Íslands hf issued a joint press release regarding a final settlement following the division of Landsbanki Íslands, one of the largest banks in Iceland.

Basel Committee on Bank Supervision reaches broad agreement on capital and liquidity reform package

Global - July 27 2010 Yesterday, the Governors and Heads of Supervision, the oversight body of the Basel Committee on Bank Supervision, announced that it had reached a broad consensus on the overall design of the capital and liquidity reform package.

Firstmerit Bank, N.A. assumes all of the deposits of Midwest Bank and Trust Company

USA - May 16 2010 On Friday, the Illinois Department of Financial Professional Regulation - Division of Banking closed Midwest Bank and Trust Company, headquartered in Elmwood Park, Illinois, and appointed the FDIC as receiver.