Goodwin Procter: Financial Services Newsletter

Financial Services Newsletter

Goodwin Procter
December 18, 2012
7 pages

In this issue:

In Historic Settlement, HSBC Ordered to Pay $1.9 Billion for AML Violations
SEC Charges Eight Mutual Fund Directors for Alleged Failure to Properly Oversee Fair Value Determinations
U.S. District Court Dismisses Suit Challenging Amendments to CFTC Regulations Affecting Registered Investment Companies
FDIC Wins $168.8 Million Jury Verdict Against Three Senior Officers of Homebuilders Division of Failed IndyMac Bank F.S.B.
CFTC Provides No-Action Relief from Commodity Pool Operator Registration Requirement for Certain Mortgage REITs
CFTC Provides No-Action Relief Regarding Requirements to Report Certain Identifying Information About Non-U.S. Counterparties
CFTC Provides No-Action Relief to Certain Futures Commission Merchants Regarding Chief Compliance Officer Annual Reports
CFTC Provides No-Action Relief for Swap Dealers and Major Swap Participants from Compliance with Prohibition Against Association with Certain Persons
CFTC Provides No-Action Relief from Fingerprinting Requirement for Certain Non-U.S. Principals

Banking Sector Reform Davis Polk: Too Big to Fail: The Path to a Solution Sullivan & Cromwell: Basel III Capital Framework: Basel Committee Publishes Consultative Document Proposing Changes to the Capital Treatment of Purchased Credit Protection Latham & Watkins: Compliance Deadline Approaches for Leveraged Lending Final Guidance	Consumer Financial Services Greenberg Traurig: CFPB Makes First Preemption Determinations on State Unclaimed Property Laws Relating to Gift Cards Greenberg Traurig: The Consumer Financial Protection Bureau, Week in Review: May 6-10, 2013 Morrison Foerster: Further Setback for the CFPB Director’s Authority? [NLRB v. New Vista Nursing and Rehabilitation]	Investment Funds Morrison Foerster: FINRA Focuses on Anti-Money Laundering Procedures and Red Flags Morrison Foerster: FINRA Identifies Concerns with Marketing of Real Estate Investment Products Milbank: Mixed Signals, but Hope, for a Private Adviser Broker-Dealer Exemption
Capital Markets Ropes & Gray: Bond is Back: Opportunities for investors in European HY Debt Davis Polk: New and Proposed Research Rules Create Compliance Challenges for Banks Clifford Chance: The rise of portability in European high yield bonds: Have bond, will travel	SEC & US Securities Law Andrews Kurth: Recent Developments in Securities and M&A Litigation Morgan Lewis: SEC Warns About Exemptive Order Compliance Morrison Foerster: FINRA Focuses on Anti-Money Laundering Procedures and Red Flags	M&A/Private Equity Paul Weiss: M&A at a Glance (May 2013) Debevoise & Plimpton: Holding the Defensive Line: Delaware Court Rejects Extension of Warn Act Liability to Private Equity Sponsor Gibson Dunn: A Checklist for the Early Stages of an M&A Transaction
Hedge Funds Paul Hastings: Hedge Fund Report - Summary of Key Developments - Spring 2013 Nixon Peabody: Recent BVI decisions offer guidance to investors and funds facing redemption disputes Alston & Bird: How Hedge Funds and Private Equity Firms Can Manage Foreign Corrupt Practices Act Risks	Derivatives Winston & Strawn: Dodd-Frank: Recent Relief from Business Conduct Rules in Respect of FX Transactions Day Pitney: CFTC External Business Conduct Standards - Temporary Relief to Foreign Exchange Transactions Schulte Roth & Zabel: CFTC Grants Temporary Relief for FX and Swaps Prime Brokerage Arrangements: Context for Private Fund Managers and Other Investment Advisers	Securitization Chapman and Cutler: Dodd-Frank Swaps Clearing Requirement Looming for Securitizations ReedSmith: California Court Finds Securitization Entities Subject to California Income Tax Cadwalader: What's Next for the Basel Securitisation Framework?
Senior Lending/Credit Facilities King & Spalding: Voluntary Secondary Market Disclosure About Bank Loans King & Spalding: Bankruptcy Implications of Affiliated Lender Provisions and Debt Buybacks Bryan Cave: Compliance Considerations For End-Users Of Derivatives	Public Finance Pepper Hamilton: Chapter 9 Bankruptcy of Stockton, Calif., Moves Forward McGuireWoods: The President’s FY 2014 Budget Proposal: Positives and Negatives for Public Finance Mintz Levin: New Swap Business Conduct and Record-Keeping Regulations Kick in for Municipal Bond Issuers and Borrowers	China Paul Hastings: China Expands RQFII Regime Dentons: Shanghai Implements Measures to Establish Commercial Factoring Companies Linklaters: CBRC Tightening up the Administration on Wealth Management Business by Commercial Banks
European Union Hogan Lovells: Scope of implementation of the AIFM-directive in national law Dechert: Irish Central Bank Opens Its Door for AIFMD Business Sullivan & Cromwell: Basel III Capital Framework: Basel Committee Publishes Consultative Document Proposing Changes to the Capital Treatment of Purchased Credit Protection	United Kingdom Dechert: Has the FCA Started As It Means To Go On? Dentons: United Kingdom Supreme Court Rules on Setting Aside Trustee Decisions [Futter v. HMRC and Pitt v. HMRC] Winston & Strawn: London Fortnightly Financial Newsletter	Islamic Finance Clifford Chance: Shari'a Compliant Real Estate Financing Clifford Chance: Introduction to Sukuk Clifford Chance: Shari'a Compliant Investment Funds

Font Size

Profile

Layout

Direction

Menu Style

Our Latest Financial Services News

Banking Sector Reform

Consumer Financial Services

Investment Funds

Capital Markets

SEC & US Securities Law

M&A/Private Equity

Hedge Funds

Derivatives

Securitization

Senior Lending/Credit Facilities

Public Finance

China

European Union

United Kingdom

Islamic Finance

Financial Services Menu