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Federal Reserve announces Money Market Investor Funding Facility
  • Drinker Biddle & Reath LLP
  • USA
  • October 23 2008

The Federal Reserve Board announced yesterday the creation of a Money Market Investor Funding Facility (MMIFF), a credit facility to support a private sector initiative designed to help provide liquidity to the short-term debt markets.


NASDNYSE propose further restrictions on business entertainment
  • Drinker Biddle & Reath LLP
  • USA
  • June 14 2007

The SEC recently published for comment proposed guidance to National Association of Securities Dealers (“NASD”) Rule 3060 and new NYSE Rule 350A (together, the “Proposals”) affecting business entertainment practices of NASD and NYSE member firms.


Kay A. Gordon
  • Drinker Biddle & Reath LLP