Goodwin Procter: Financial Services Newsletter

Financial Services Newsletter

Goodwin Procter
January 2, 2013
5 pages

In this Issue:

Federal District Court’s Holding that Fund Adviser Waived Attorney-Client Privilege During SEC Investigation and Subsequent Lawsuit Highlights Need for Companies to Take Steps to Preserve the Privilege
FDIC Modifies and Restates its Statement of Policy for Section 19 of the Federal Deposit Insurance Act
OCC Amends its Lending Limits Rule to Extend Temporary Exception for Compliance with Derivative Transactions and Securities Financing Transactions Exposures to July 1, 2013
CFTC Issues Exemptive Order and Further Proposed Guidance on Cross-Border Application of Dodd-Frank Swaps Provisions
CFTC Issues No-Action Relief for Operators of Pools Investing in Legacy Securitization Vehicles
CFTC Issues Time-Limited No-Action Relief Regarding Certain Counterparty Reporting Requirements
CFTC Issues Time-Limited No-Action Relief to Swap Dealers Regarding Certain Reporting Requirements
U.S. Chamber of Commerce and Investment Company Institute Appeal Federal District Court Ruling Upholding Amendments to CFTC Regulations Affecting Registered Investment Companies

Banking Sector Reform Sullivan & Cromwell: Dodd-Frank Stress Tests: Federal Reserve Issues Summary Instructions for Dodd-Frank Company-Run, Mid-Year Stress Tests 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	Consumer Financial Services ReedSmith: In the Continuing Saga of the TCPA: Good News, Bad News From a Court in Miami [Mais v. Gulf Coast Collection Bureau, et al] Venable: CFPB and Justice Department Team Up on Enforcement Venable: CFPB Targets Service Provider in Real Estate Kickback Enforcement Action	Investment Funds Bingham: FINRA Issues New Guidance for Broker-Dealer Communications Regarding Real Estate Investments Morrison Foerster: FINRA Focuses on Anti-Money Laundering Procedures and Red Flags Morrison Foerster: FINRA Identifies Concerns with Marketing of Real Estate Investment Products
Capital Markets Hogan Lovells: Equity Capital Markets – Which Market? Ropes & Gray: Bond is Back: Opportunities for investors in European HY Debt Davis Polk: New and Proposed Research Rules Create Compliance Challenges for Banks	SEC & US Securities Law Arnold & Porter: Does the Hand Fit the Glove? Assessing Your Company's Anti-corruption Compliance Program Ropes & Gray: SEC Issues IM Guidance Update on Compliance with Exemptive Orders Bingham: FINRA Issues New Guidance for Broker-Dealer Communications Regarding Real Estate Investments	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 Ballard Spahr: U.S. Senate Passes Water Resources Development Act Pepper Hamilton: Chapter 9 Bankruptcy of Stockton, Calif., Moves Forward McGuireWoods: The President’s FY 2014 Budget Proposal: Positives and Negatives for Public Finance	China Minter Ellison: New rules for foreign debt in China Allen & Overy: FOREX conversion in China via a RMB Clearing Bank in Singapore Paul Hastings: China Expands RQFII Regime
European Union Sidley Austin: AIFM Directive 2013 Update: Securitisation Risk Retention Requirement Shearman & Sterling: The Eurozone Crisis: Legal Implications for the Real Estate Market Hogan Lovells: Scope of implementation of the AIFM-directive in national law	United Kingdom Clifford Chance: The week at the UK regulators 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]	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