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ARTICLE · 13 OCTOBER 2015

Financial Regulatory Developments Focus - October 6, 2015

A&O Shearman
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On September 30, 2015, the European Banking Authority published its first analysis on asset encumbrance for EU banks, using data received from the 200 banks that provide it with such data.

GlobalFinance and Banking
A&O Shearman
A&O Shearman
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In this week’s newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and corporates.

Bank Prudential Regulation & Regulatory Capital

US Board Of Governors Of The Federal Reserve System Announces Approval Of Applications By M&T Bank Corporation To Acquire Hudson City Bancorp, Inc.

On September 30, 2015, the US Board of Governors of the Federal Reserve System announced its approval of the applications by: (i) M&T Bank Corporation to acquire Hudson City Bancorp, Inc.; and (ii) by M&T's subsidiary bank, Manufacturers and Traders Trust Company, to merge with Hudson City Savings Bank. Upon consummation of the transactions, M&T will have consolidated assets of approximately $132.5 billion, making it the 25th largest insured depository organization in the United States (currently it is 31st). M&T agreed to purchase

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