The number of insured institutions on the FDIC’s “troubled bank” list grew to over 700 at the end of 2009 (nearly three times the number of banks on the list at the end of 2008), re...

In a much anticipated decision, on March 22, 2010, a split panel of the United States Court of Appeals for the Third Circuit affirmed a District Court decision holding that a debtor may b...

Bank Holding Company Amendments (Title VI) Volcker Rule All purely technical and uninteresting, except for the following changes (insertions underlined): Definition of proprietary tr...

On March 18, President Obama signed the Hiring Incentives to Restore Employment Act (the “Act”). The Act includes a version of the “Foreign Account Tax Compliance Act,” a provisio...

The Southern District of New York (“SDNY”) recently agreed to modify the Global Research Equity Settlement (“Global Settlement”) paving the way for chaperoned research analyst and...

I. Institutional Arrangements Financial Stability Oversight Council. Interagency Council, consisting of 9 voting members – the Treasury Secretary (Chairperson) and the heads of Fed, OCC...

The past 18 months have been witness to tremendous legislative and regulatory activity in the area of corporate governance and executive compensation. The 1,336-page Restoring American Fi...

As we previously highlighted (RiskMetrics’ Governance Risk Indicators (GRId) – a New Governance Measurement for Proxy Voting Reports), RMG is replacing its Corporate Governance Quotie...

Senators Merkley (D-OR) and Levin (D-MI) proposed a bill yesterday that would substantially expand the prohibitions on proprietary trading and certain asset management activities recently...

Breaking News on Enforcement Activity Hedge Funds Under Scrutiny for Bets Against the Euro SEC Rules and Regulations SEC Adopts Amendments to Money Market Fund Rules Industry Update...