Securities Law, Insurance, Consumer Protection

Financial Services Legislative And Regulatory Update -- March 18‚ 2013

by Abby Matousek, Jason M. Rosenstock | Mintz Levin - Public Finance on 3/18/2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; and Upcoming Hearings. Leading the Past Week - It was another busy week on the Hill and in the Administration, but it may have...more

The End of Unlimited FDIC Insurance: How Banks Can Retain—and Depositors Can Protect—Their Uninsured Deposits

by Steven Schnitzer, Jeffrey M. Werthan | Katten Muchin Rosenman LLP on 1/10/2013

In an attempt to limit the flight of deposits from insured depository institutions resulting from the 2008 fiscal crisis, Section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act provided temporary,...more

Dodd-Frank Implementation: Navigating the Road Ahead

by Jay G. Baris, Alexandra Steinberg Barrage, Leonard N. Chanin, Henry M. Fields, Rick Fischer, Oliver I. Ireland, Jeremy C. Jennings-Mares, David H. Kaufman, David M. Lynn, Jerry R. Marlatt, more +Barbara R. Mendelson, Thomas J. Noto, Obrea O. Poindexter, James Schwartz, Andrew M. Smith, James R. Tanenbaum | Morrison & Foerster LLP on 12/29/2012

Table of Contents: Introduction; Financial Stability Reform; Resolution Planning; Agencies and Agency Oversight Reform; Securitization Reform; Derivatives Regulation; Investor Protection Reform; Credit Rating Agency...more

FDIC Issues Final IOLTA Rule

by Katten Muchin Rosenman LLP on 1/27/2011

The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) on December 18 approved a final rule to include Interest on Lawyer Trust Accounts (IOLTAs) in the temporary unlimited deposit coverage for...more

FDIC Board Sets a Two Percent Designated Reserve Ratio

by Katten Muchin Rosenman LLP on 12/23/2010

On December 15, the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) voted on a final rule to set the insurance fund’s designated reserve ratio (DRR) at 2% of estimated insured deposits. The Dodd-Frank...more

FDIC Approves Final Rule Fully Insuring Noninterest-Bearing Accounts

by Katten Muchin Rosenman LLP on 11/16/2010

On November 9, the Federal Deposit Insurance Corporation approved a final rule to implement Section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 343 provides temporary unlimited coverage for...more

FDIC Board Proposes Implementation of Dodd-Frank Assessment Changes and Revised Assessment System for Large Institutions

by Katten Muchin Rosenman LLP on 11/15/2010

On November 9, the Federal Deposit Insurance Corporation approved two proposed rules that would amend the deposit insurance assessment regulations. The first would implement a provision in the Dodd-Frank Wall Street Reform...more

The Financial Stability Oversight Council Holds Inaugural Meeting; Proposed Rulemakings on Nonbank Financial Companies and the...

by Sutherland Asbill & Brennan LLP on 10/13/2010

Sutherland continues to track the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Act). Title I of the Act established the Financial Stability Oversight Council (Council), and the Council...more

The Dodd-Frank Act: A New Era of Financial Regulation and the Implications for the Insurance Industry

by Sutherland Asbill & Brennan LLP on 8/3/2010

On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Act) into Law. The passage of the Act ends the first, lengthy chapter of financial services reform that in many ways...more

Customer Due Diligence - CDD - as an Instrument For Combating Financial Crimes in Nigeria

by Jide Akinsoto on 10/9/2009

The essay in exposing the damage caused by money laundering at national and global levels, highlights the importance of customer due diligence (CDD), an anti money laundering (AML) measure, in tackling financial crimes like...more