Finance & Banking – May 23, 2012

by Pillsbury Winthrop Shaw Pittman LLP on 5/23/2012

Congress has passed, and President Obama is expected to sign into law, the Export-Import Bank Reauthorization Act of 2012 (H.R. 2072) extending Export-Import Bank's ("Ex-Im") authority for three years and raising its credit...more

by McDermott Will & Emery on 5/23/2012

The main developments in antitrust are: 1. Merger Control (Art. 5-bis); From 1 January 2013: The Italian merger control thresholds will be cumulative and no longer alternative (i.e. the combined...more

by Sheppard Mullin Richter & Hampton LLP on 5/23/2012

Earlier this month, China’s Ministry of Finance, State Administration for Industry and Commerce, Ministry of Commerce, State Administration of Foreign Exchange, and China Securities Regulatory Commission issued the Notice on...more

by Davis Wright Tremaine LLP on 5/23/2012

In This Presentation: - The BSA from 30,000 Feet - ABCs of the BSA for MSBs - Impact on Customer Acquisition - BSA/AML Enforcement - Current Topics and Resources Excerpt from The BSA from 30,000...more

by Orrick, Herrington & Sutcliffe LLP on 5/22/2012

On 17 May 2012, the FSA and the Bank of England (BoE) published a short paper on how the Prudential Regulation Authority (PRA) will exercise its powers to designate certain investment firms....more

by Orrick, Herrington & Sutcliffe LLP on 5/22/2012

In This Issue: - Financial Industry Developments · FHFA Releases Draft Strategic Plan · Large Bank Stress Testing Guidance Finalized · Stress Testing for Community Banks · CFTC Rule on Swap...more

by Katten Muchin Rosenman LLP on 5/22/2012

On May 10, the UK Financial Services Authority (FSA) announced that it fined Martin Currie Investment Management Limited and Martin Currie Inc (together, Martin Currie) £3.5 million (approximately $5.5 million) for conflict...more

by Katten Muchin Rosenman LLP on 5/22/2012

On May 15, the UK Financial Services Authority (FSA) announced that it had fined Habib Bank AG Zurich (Habib Bank) £525,000 (approximately $830,000) and Syed Itrat Hussain (Hussain) its former Money Laundering Reporting...more