Corporate and Financial Weekly Digest - May 17, 2013

more+
less-

In this issue:

- CFTC Adopts Final Rules for Execution Facilities and Other Matters

- FINRA Issues Interpretive Guidance on Use of Back Tested Index Data by ETPs

- Mississippi District Court Defers to New York Court in Bond Action

- Involuntary Bankruptcy Petitions Dismissed Where Alter Ego Status Was Disputed

- Federal Reserve Requires 18 Largest US Bank Holding Companies to Submit Stress Test Results

- Federal Reserve Division Director Michael S. Gibson Testifies on Cross-Border Resolution Plans

- FDIC Division Director James R. Wigand Testifies on Cross-Border Resolution Plans

- OCC Issues Clarification of the Treatment of Certain Sovereign and Securitization Positions

- Excerpt from: FDIC Division Director James R. Wigand Testifies on Cross-Border Resolution Plans

On May 15, James R. Wigand, Director, Office of Complex Financial Institutions of the Federal Deposit Insurance Corporation (FDIC) testified before the U.S. Senate Subcommittee on National Security and International Trade and Finance. In his concluding remarks, Director Wigand stated, “In conclusion, the FDIC, working with our foreign colleagues, has made substantial progress in one of the most challenging areas of the financial reforms adopted in the Dodd-Frank Act. The cross-border issues presented by the failure of a [global systemically important financial company] with international operations are complex and difficult. … While much work remains to be done, the FDIC is much better positioned today to address the failure of one of these institutions.”

Please see newsletter below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Bank Holding Company, Bonds, CFTC, Cross-Border, FDIC, Federal Reserve, FINRA, Investment Adviser, OCC

Published In: Bankruptcy Updates, Civil Procedure Updates, Finance & Banking Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Katten Muchin Rosenman LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »