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  • Article

    Rating Agency Developments - March 2, 2015

    On February 23, DBRS releases its Criteria for Guarantees and other forms of explicit support.
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    Rating Agency Developments - March 25, 2019

    On March 14, DBRS published an updated methodology entitled "Rating Structured Aircraft Transactions".
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    Rating Agency Developments - March 28, 2016

    On March 23, Moody's updated its rating methodology for rating securitizations backed by Non-Performing and Re-Performing Loans.
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    Rating Agency Developments - May 2, 2016

    On April 22, 2016, DBRS published an updated report on rating Canadian Covered Bonds.
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    Regulators Encourage Institutions To Work With Borrowers Affected By Government Shutdown

    On 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 federal
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    Regulators Encourage Lenders To Work With Consumers Impacted By Shutdown

    The 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 Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    Risk 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 Banking
    Baker Newman Noyes
    Baker Newman Noyes
  • Article

    Risk 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 Banking
    Baker Newman Noyes
    Baker Newman Noyes
  • Article

    Robert Evans III Appointed As Deputy Director Of SEC's Corporation Finance Division

    The 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 Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    SEC Adopts Trade Acknowledgment And Verification Rules For Security-Based Swap Transactions

    On 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 Banking
    Orrick
    Orrick
  • Article

    SEC 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 Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    SEC Staff Guidance Permits Brokers To Charge Commissions On Sale Of Mutual Fund Shares

    Staff 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 Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    Strong Healthcare FP&A & Accounting Key Amid Stressed Physician Practice Bottom Lines

    Inflation 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 Banking
    Ankura Consulting Group LLC
    Ankura Consulting Group LLC
  • Article

    The Drawdown Fund Finance Experts Awards

    The 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 Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    The Financial Services Roundtable Urges Payment Innovation To Curb Cybersecurity Threats

    On 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 Banking
    Jones Day
    Jones Day
  • Article

    The OCC Publishes Guidance Concerning Foreign Correspondent Banking Accounts

    The OCC issued risk management guidance that addresses periodic reevaluations of risks associated with foreign correspondent banking accounts.
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    US Board Of Governors Of The Federal Reserve System Names Director Of Division Of Financial Stability

    On December 12, 2016, the Federal Reserve appointed Andreas Lehnert as director of its Division of Financial Stability, effective December 25, 2016.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    FinCEN Extends Due Date For Certain Individuals Filing FBAR Reports

    The original expiration date was April 15, 2018.
    United StatesGovernment, Public Sector
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    FinCEN Warns Financial Institutions About Nicaraguan Money Laundering

    In 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 Sector
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    Francoeur, Weiner And Mouzouris Obtain Dismissal Of $9 Million Legal Malpractice Action

    The lender's motion for summary judgment was unopposed, and a $9 million judgment was entered against the borrower.
    United StatesLitigation, Mediation & Arbitration
    Wilson Elser Moskowitz Edelman & Dicker LLP
    Wilson Elser Moskowitz Edelman & Dicker LLP

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