ArticleRating Agency Developments - March 2, 2015On February 23, DBRS releases its Criteria for Guarantees and other forms of explicit support.United StatesFinance and BankingOrrick
ArticleRating Agency Developments - March 25, 2019On March 14, DBRS published an updated methodology entitled "Rating Structured Aircraft Transactions". United StatesFinance and BankingOrrick
ArticleRating Agency Developments - March 28, 2016On March 23, Moody's updated its rating methodology for rating securitizations backed by Non-Performing and Re-Performing Loans.United StatesFinance and BankingOrrick
ArticleRating Agency Developments - May 2, 2016On April 22, 2016, DBRS published an updated report on rating Canadian Covered Bonds. United StatesFinance and BankingOrrick
ArticleRegulators Encourage Institutions To Work With Borrowers Affected By Government ShutdownOn January 11, the FDIC issued a release encouraging institutions to modify terms on existing loans, including mortgages, student loans, car loans, business loans and credit cards, due to the federalUnited StatesFinance and BankingOrrick
ArticleRegulators Encourage Lenders To Work With Consumers Impacted By ShutdownThe Federal Reserve Board, the Office of the Comptroller of the Currency, the FDIC, the Consumer Financial Protection Bureau, the National Credit Union Administration and the Conference of State Bank Supervisors encouraged financial institutions to work with consumers impacted by the federal government shutdown.United StatesFinance and BankingHogan Lovells Cadwalader
ArticleRisk Participation Agreement - What's That?Lately, we are seeing an increased level of interest in Risk Participation Agreements (RPAs) by our clients. In simple terms,United StatesFinance and BankingBaker Newman Noyes
ArticleRisk Participation Agreement - What's That?Lately, we are seeing an increased level of interest in Risk Participation Agreements (RPAs) by our clients. United StatesFinance and BankingBaker Newman Noyes
ArticleRobert Evans III Appointed As Deputy Director Of SEC's Corporation Finance DivisionThe SEC announced Robert Evans III was named deputy director of the Division of Corporation Finance, joining deputy director Shelley Parratt as a senior advisor to director William H. Hinman.United StatesFinance and BankingHerbert Smith Freehills Kramer LLP
ArticleSEC Adopts Trade Acknowledgment And Verification Rules For Security-Based Swap TransactionsOn June 8, 2016, the Securities and Exchange Commission publicized the implementation of "rules that will establish timely and accurate trade acknowledgment and verification requirements for security-based swap entities that enter into SBS transactions."United StatesFinance and BankingOrrick
ArticleSEC Designates New Zealand Stock Exchange As "Offshore Securities Market"The SEC Division of Corporation Finance designated a New Zealand stock exchange as a "designated offshore securities market" under Securities Act Regulation S, Rule 902(b).United StatesFinance and BankingHogan Lovells Cadwalader
ArticleSEC Staff Guidance Permits Brokers To Charge Commissions On Sale Of Mutual Fund SharesStaff of the SEC's Division of Investment Management released a no-action letter in response to Capital Group Companies on Jan. 11. United StatesFinance and BankingHerbert Smith Freehills Kramer LLP
ArticleStrong Healthcare FP&A & Accounting Key Amid Stressed Physician Practice Bottom LinesInflation and challenging labor markets continue to present financial challenges to physician practices. Leadership decision-making and action-taking in response to financial results...United StatesFinance and BankingAnkura Consulting Group LLC
ArticleThe Drawdown Fund Finance Experts AwardsThe Drawdown has announced an awards program to acknowledge "the most influential members of the fund finance market." The awards aim to highlight innovation, creativity...United StatesFinance and BankingHogan Lovells Cadwalader
ArticleThe Financial Services Roundtable Urges Payment Innovation To Curb Cybersecurity ThreatsOn October 17, the Financial Services Roundtable released a statement supporting advanced payment technologies and information-sharing legislation as critical steps to reduce cybersecurity threats.United StatesFinance and BankingJones Day
ArticleThe OCC Publishes Guidance Concerning Foreign Correspondent Banking AccountsThe OCC issued risk management guidance that addresses periodic reevaluations of risks associated with foreign correspondent banking accounts.United StatesFinance and BankingOrrick
ArticleUS Board Of Governors Of The Federal Reserve System Names Director Of Division Of Financial StabilityOn December 12, 2016, the Federal Reserve appointed Andreas Lehnert as director of its Division of Financial Stability, effective December 25, 2016.United StatesFinance and BankingA&O Shearman
ArticleFinCEN Extends Due Date For Certain Individuals Filing FBAR ReportsThe original expiration date was April 15, 2018.United StatesGovernment, Public SectorHogan Lovells Cadwalader
ArticleFinCEN Warns Financial Institutions About Nicaraguan Money LaunderingIn a new advisory, the U.S. Treasury Department's Financial Crimes Enforcement Network ("FinCEN") alerted financial institutions to the risk that proceeds of political corruption from Nicaragua may enter the U.S. financial system.United StatesGovernment, Public SectorHogan Lovells Cadwalader
ArticleFrancoeur, Weiner And Mouzouris Obtain Dismissal Of $9 Million Legal Malpractice ActionThe lender's motion for summary judgment was unopposed, and a $9 million judgment was entered against the borrower.United StatesLitigation, Mediation & ArbitrationWilson Elser Moskowitz Edelman & Dicker LLP