The U.S. Department of the Treasury has issued a report to the President recommending extensive regulatory and legislative reforms to the U.S. capital
In a previous client alert, available here, we provided an overview of the recent report, the second of four, issued by the U.S. Department of the
As the developments affecting the investment management industry continue to unfold, we have once again prepared our annual compendium of relevant
In apparent anticipation of the August slow-down, the agencies released several items last week covering a variety of different areas. The most
Today, April 19, 2013, the Securities and Exchange Commission ("SEC") and the Commodity Futures Trading Commission ("CFTC") published in the Federal
Upon effectiveness of the U.S. Commodity Futures Trading Commission final rules defining “swaps” under the Dodd-Frank Act, entities associated with securitization transactions may be required to register as commodity pool operators andor commodity trading advisors.
With news that President Obama and Congressional leaders have struck a tentative agreement on a framework for a budget deal that includes an increase in the federal government's borrowing limit one day prior to the August 2 deadline, it would appear that the debt ceiling crisis may finally be averted (although Congress has yet to vote on the legislation, which is expected today).
As permitted by the Dodd-Frank Act, the SEC and CFTC, in consultation with the Federal Reserve Board, have proposed to further define the term "swap."
In a dramatic demonstration of Congressional "Fire, Ready, Aim" and fully six-months before the scheduled report of the specially-charged Financial Crisis Investigation Commission, President Obama signed the Dodd-Frank Act1 into law in July last year.
The SEC and the Commodity Futures Trading Commission (CFTC) (together, the Commissions) have jointly issued a rule proposal (Proposed Rules) to define terms related to the swap and security-based swap markets as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd- Frank Act).