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Article

Alston & Bird LLP | United Kingdom | 30 Sep 2010

IMF concludes 2010 Article IV consultation with UK

Today, the International Monetary Fund (IMF) issued a report at the conclusion of its 2010 "Article IV consultation" with the United Kingdom.

Article

Alston & Bird LLP | USA | 24 Sep 2010

Financial Stability Oversight Council to hold first meeting on October 1

Today, Treasury Secretary Geithner, who serves as chairperson to the Financial Stability Oversight Council, announced that the Council will hold its first meeting on October 1, 2010.

Article

Alston & Bird LLP | USA, Global | 24 Jun 2010

U.S. outlines goals for upcoming Toronto Summit, as EU leaders issue open letter to G-20 leaders

On Tuesday, in advance of the G-20 Summit to be held in Toronto this weekend, U.S. Treasury Secretary Timothy Geithner and Director of the National Economic Council Larry Summers published an op-ed in the Wall Street Journal outlining their agenda at the Toronto Summit and “highlighting the importance of the G-20 in building a united approach to global economic recovery."

Article

Alston & Bird LLP | European Union | 17 Jun 2010

EU leaders agree to publish stress test results, among other initiatives

Although today's meeting of the European Council was still dominated by measures to address the ongoing economic crisis, EU leaders announced that they have taken action in four key areas.

Article

Alston & Bird LLP | Global | 25 May 2010

IIF urges regulators to address systemic risk and “too big to fail”

Yesterday the Institute for International Finance (IIF), a global association of financial institutions with 400 members, issued two reports that seek to offer proposals to international financial regulatory authorities on how to address systemic risk and "too big to fail."

Article

Alston & Bird LLP | USA | 7 May 2010

Financial Crisis Inquiry Commission continues hearings on shadow banking system

Yesterday, the Financial Crisis Inquiry Commission (FCIC) held the second of a two-day hearing entitled "The Shadow Banking System."

Article

Alston & Bird LLP | Global | 26 Apr 2010

IMF and World Bank conclude spring meetings in Washington

In connection with the Spring 2010 IMF-World Bank meetings in Washington D.C. this weekend, the IMF's International Monetary and Financial Committee (IMFC) and the Development Committee (the joint ministerial committee of the Boards of Governors of the IMF and the World Bank) issued communiqués summarizing the conclusions of their respective meetings.

Article

Alston & Bird LLP | USA | 9 Feb 2010

Senate reaches roadblock in establishing financial regulatory reform

On Friday, Senate Banking Committee Chairman Christopher Dodd (D-CT) indicated in an informal statement that bipartisan efforts to agree on financial regulatory reform legislation had reached an impasse.

Article

Alston & Bird LLP | USA | 9 Feb 2010

U.K. FSA Chief Executive to resign this summer

Today, the U.K. Financial Services Authority (FSA) announced that Mr. Hector Sants would resign from his position as CEO this upcoming summer after serving in this capacity for the last three years.

Article

Alston & Bird LLP | USA | 14 Jan 2010

House Republicans pressure the Obama administration to address Fannie Mae and Freddie Mac

Yesterday, Treasury Secretary Geithner received a letter from House Republicans demanding the restructuring of Fannie Mae and Freddie Mac.

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