Alston & Bird LLP | USA | 31 Jul 2013
On July 10, 2013, the Securities and Exchange Commission (SEC) approved final rules to implement changes mandated by the Jumpstart Our Business…
Alston & Bird LLP | USA | 15 Jul 2010
Today, following an earlier 60-38 Senate vote to invoke cloture, the Senate passed the Dodd-Frank Wall Street Reform and Consumer Protection Act conference report by a vote of 60-39.
Alston & Bird LLP | USA | 14 Jul 2010
Today, the Congressional Oversight Panel (COP) released its July oversight report entitled Small Banks in the Capital Purchase Program, analyzing the impact of Treasury's Capital Purchase Program (CPP) on smaller banking institutions.
Alston & Bird LLP | USA | 13 Jul 2010
Today, Senator Ben Nelson (D-NE) confirmed that he will "vote for" the Dodd-Frank Wall Street Reform and Consumer Protection Act conference report, recently passed by the House before the July 4th recess, alleviating concerns that Senate Democrats might not have the 60 votes needed to overcome a Republican filibuster of the legislation.
Alston & Bird LLP | USA | 13 Jul 2010
Yesterday, Treasury released its latest monthly progress report to Congress on the Troubled Asset Relief Program (TARP).
Alston & Bird LLP | European Union | 8 Jul 2010
Yesterday, the European Parliament formally adopted a legislative resolution relating to bank capital requirements and supervisory reviews of bank remuneration policies, all of which have been the topic of negotiations with the European Council and European Commission over the past several months.
Alston & Bird LLP | European Union | 30 Jun 2010
Today, following yesterday's negotiations with the European Council, and the recent revisions to the European Commission draft directive approved by the European Parliament's Economic and Monetary Affairs Committee, the European Parliament issued a statement briefly describing the following new rules on capital requirements for banks and bonuses for bankers.
Alston & Bird LLP | USA | 29 Jun 2010
Today, Senator Scott Brown (R-MA), one of the few Republicans to vote for passage of the financial reform bill, sent a letter to Senate Banking Committee Chairman Christopher Dodd (D-CT) and House Financial Services Committee Chairman Barney Frank (D-MA) declaring his opposition to the roughly $19 billion "bank tax" on large banks and hedge funds that is included in the recently reconciled......
Alston & Bird LLP | USA | 28 Jun 2010
Following two weeks of intense negotiations that concluded early this past Friday morning, over the weekend, the House Financial Services Committee and Senate Banking Committee separately published the final conference report of the House-Senate Conference Committee, entitled the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), along with a summary of "highlights of......
Alston & Bird LLP | USA | 24 Jun 2010
Earlier today, Massachusetts Attorney General Martha Coakley announced that Morgan Stanley has agreed to pay a combined $102 million to affected Massachusetts homeowners and the Commonwealth of Massachusetts following an investigation by the Attorney General's Office into Morgan Stanley's role in the securitization and financing of Massachusetts subprime loans.