The reorganization or liquidation of most types of companies is governed in the United States by a single federal law—the US Bankruptcy Code (the “Bankruptcy Code”). As a result, no...
It has been obvious for some time that the outdated US system of financial regulation is badly in need of reform. There have, however, been limited opportunities to unblock the political ...
The long awaited public-private investment program announced by Secretary Geithner on March 23, 2009 contains two key components: a securities purchase program, designed to remedy the ill...
In an open meeting held on March 17, 2009, the Board of Directors of the Federal Deposit Insurance Corporation adopted an Interim Rule that extends the Debt Guarantee Program component of...
In an open Board meeting on Friday, February 27, 2009, the Federal Deposit Insurance Corporation (the “FDIC”) is expected to discuss a modification to the Temporary Liquidity Guarante...
On February 2, 2009 the Securities and Exchange Commission published the text of its new rules for credit rating agencies registered as nationally recognized statistical rating organizati...
This survey provides an overview of the various measures and programs for the financial sector which have been adopted or announced, or are currently being discussed, by the governments o...
The political struggle has begun over the conditions that will be attached to the release of the second half of the TARP funds. The first public salvo in this struggle was fired by Repres...
At a public meeting yesterday, the Securities and Exchange Commission adopted final rules designed to address perceived conflicts of interest in the credit rating industry, while deferrin...
Recently, Senators Harkin and Collins separately proposed bills covering OTC derivatives, clearing of credit default swaps and regulatory restructuring, to be presented to the lame duck C...
