Saturday, December 20, 2014

BNA INSIGHTS: Federal Reserve Opens the Door to Increased Chinese Investment in U.S. Banking Organizations

June 13, 2012 in Banking Report · Leave a Comment 

On May 9, 2012, the Federal Reserve Board (“FRB”) released three orders approving investments in the U.S. banking market by entities based in China…

BNA INSIGHTS: Regulators Ramp Up China Reverse Merger Scrutiny

The Securities and Exchange Commission is increasing its scrutiny of China-based companies with securities traded on U.S. stock exchanges…

BNA INSIGHTS: Review of 2010 Bank Enforcement Actions: A Hardened Government Attitude

May 10, 2011 in Banking Report · Leave a Comment 

The number of formal enforcement actions issued by the federal banking agencies exploded again in 2010, following a record setting year in 2009 in which the federal banking agencies issued more than 1000 formal enforcement actions for the first time…

Geithner, EU’s Barnier Pledge to Cooperate on Regulatory Reform, Agree on Trading Rules Deadline

November 2, 2010 in Banking Report · Leave a Comment 

Treasury Secretary Timothy Geithner and European Union Internal Market and Service Commissioner Michel Barnier reaffirmed their commitment Oct. 29 to cooperate on…

New York’s Highest Court Rejects Wider Liability for Third-Party Financial Professionals

October 26, 2010 in Banking Report · Leave a Comment 

New York’s highest court, in a 4-3 ruling, Oct. 21 rejected pleas to allow broader liability for third-party financial professionals, pulling the plug on claims that…

Supreme Court’s Honest Services Decision Will Hamper Prosecution of Corporate Fraud, Lawyers Say

NEW YORK—A recent U.S. Supreme previous hitCourtnext hit decision effectively limiting the breadth of the honest-services theory of fraudulent behavior will likely lead to fewer criminal cases launched against senior…

SPECIAL REPORT: Herz Exit as FASB Chair Raises Possibility of Delays In Finishing IASB Convergence, Instruments Project

September 14, 2010 in Banking Report · Leave a Comment 

NORWALK, Conn.—The surprise announcement by Robert Herz Aug. 24 that he will soon step away from the helm of the Financial Accounting Standards Board has led to questions about whether FASB will experience a delay in its…

Senate Sends Financial Regulatory Reform Bill to White House for President’s Signature

July 16, 2010 in Banking Report · Leave a Comment 

The Senate voted 60-39 to approve legislation (H.R. 4173) July 15 that would overhaul regulation of banks and other financial services companies and change…

ANALYSIS: Securitizers Gearing up for ‘CMBS 2.0’ in a Market Where Demand Outstrips Supply

July 13, 2010 in Banking Report · Leave a Comment 

Ever since the commercial mortgage-backed securities (CMBS) market flat-lined in 2008, observers have been looking for blips that signal…

PCAOB Members Removable at Will by SEC, but Board Won’t Be Abolished, Supreme Court Rules

The dual layers of good-cause protection from presidential firing enjoyed by the members of the Public Company Accounting Oversight Board violate…

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