ArticleArkansas Amends Mortgage Licensing Provisions On MLO Remote Work And Notification RequirementsThe amendments are effective on August 2, 2021.United StatesFinance and BankingBallard Spahr LLP
ArticleARRC Extends Comment Deadline On Consultation About Potential Spread Adjustment MethodologiesThe Alternative Reference Rates Committee ("ARRC") extended the comment deadline for a consultation seeking feedback on ARRC's recommended spread adjustment methodologies for cash products referencing USD LIBOR.United StatesFinance and Banking
ArticleAs Simple As It Can Be But Not Simpler: Science, Taxes, And BondsThe article addresses issues for consideration by administrators at nonprofit research organizations and their counsel on private business use and technology licensing provisions in commercially sponsored research agreements. United StatesFinance and BankingRopes & Gray LLP
ArticleAssessment Report On Implementation Of The Principles For Financial Market InfrastructuresOn June 11, 2015, the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions published the second report on Level 1 assessments...United StatesFinance and BankingA&O Shearman
ArticleAssociations Call On IOSCO To Impose Standardized ESG Disclosure RequirementsThe Managed Funds Association and the Alternative Investment Management Association (collectively, the "Associations") advocated for IOSCO and global securities regulators.United StatesFinance and BankingHogan Lovells Cadwalader
ArticleAttorneys General Urge CFPB To Better Protect Service MembersThe AGs disagreed with reports indicating that the CFPB has determined it needs more statutory authority to conduct examinations for MLA violations.United StatesFinance and BankingHogan Lovells Cadwalader
ArticleAttorneys Review Fed's Proposed Rollback Of Physical Commodities Authority For Financial Holding CompaniesCadwalader attorneys reviewed a proposal by the Board of Governors of the Federal Reserve System that would increase capital costs associated with certain types of physical commodity activities...United StatesFinance and BankingHogan Lovells Cadwalader
ArticleAugust 7th LoomsMike Mascia of Cadwalader hosts Alexandra Woodcock and Alex Last of Mourant to discuss the Cayman Islands Private Funds law.United StatesFinance and BankingHogan Lovells Cadwalader
ArticleAvoiding Pitfalls During Post-Pandemic Government InvestigationsAs the country begins to emerge from the COVID-19 pandemic and the U.S. economy gets back on track, banks nationwide should expect their activities to come under government scrutiny.United StatesFinance and BankingAlston & Bird
ArticleBank For International Settlements Publishes Survey On FX And OTC TradingThe Bank for International Settlements ("BIS") published its 2016 Triennial Central Bank Survey of activity in the foreign exchange ("FX") and over-the-counter ("OTC") derivatives markets.United StatesFinance and BankingHogan Lovells Cadwalader
ArticleBank Of America And Midland Settle RMBS LitigationOn September 8, 2015, Bank of America NA and Midland Loan Services settled Bank of America's lawsuit seeking a declaratory judgment that it did not breach the representations and warranties in connection with a CMBS securitization...United StatesFinance and BankingOrrick
ArticleBank Of America Settles RMBS SuitOn April 2, 2015, plaintiffs BNP Paribas Mortgage Corporation and BNP Paribas and defendant Bank of America filed a Joint Stipulation of Dismissal with Prejudice...United StatesFinance and BankingOrrick
ArticleBanking Agencies Extend Some Resolution Plan DeadlinesThe Board of Governors of the FRB and the Federal Deposit Insurance Corporation ("FDIC") extended the filing deadline for the next resolution plans of nineteen foreign banks...United StatesFinance and BankingHogan Lovells Cadwalader
ArticleBanking Agencies Make Corrections To Community Bank Leverage Ratio Final RuleThe Federal Reserve Board, FDIC and OCC (collectively, the "agencies") made corrections to a final rule designed to simplify capital requirements and provide substantial regulatory relief for qualifying community banks. United StatesFinance and BankingHogan Lovells Cadwalader
ArticleBanking Agencies Propose Modified Versions Of Call Reports For Eligible Small InstitutionsThe FDIC, FFIEC and other banking agencies solicited comments on a proposal to streamline the Consolidated Reports of Condition and Income ("Call Reports") for eligible small institutions...United StatesFinance and BankingHogan Lovells Cadwalader
ArticleBanking Agencies Review Resolution PlansThe FDIC and the Board of Governors of the Federal Reserve System determined that a number of systemically important domestic banking institutions have remedied the deficiencies in their 2015 resolution plans.United StatesFinance and BankingHogan Lovells Cadwalader
ArticleBanking Agencies Update "Living Wills" Of Eight Systemically Important FirmsThe Board of Governors of the Federal Reserve System and the FDIC (collectively, the "Agencies") released the public sections of required "targeted submissions" for eight systemically important domestic banking institutions. United StatesFinance and BankingHogan Lovells Cadwalader
ArticleBanks' Motion To Dismiss Commerzbank RMBS Fraud Claims GrantedRuling for the defendants, Justice Friedman held that New York's six-year statute of limitations started running on the final purchase date, and not when the certificates started sustaining losses. United StatesFinance and BankingOrrick
ArticleBasel Committee Consults On Revised Good Practice Principles For Supervisory CollegesOn 23 January 2014, the Basel Committee for Banking Standards published proposed revisions to the "Good practice principles on supervisory colleges". United StatesFinance and BankingA&O Shearman
ArticleBasel Committee Consults On Update To Guidelines For Dealing With Weak BanksThe Basel Committee on Banking Supervision published for consultation a proposed update to its 2002 Supervisory guidelines for identifying and dealing with weak banks.United StatesFinance and BankingA&O Shearman