Treasury Issues Interim Final Rules for Recipients of TARP Funds

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On June 10, 2009, the Treasury Department issued in-depth guidance (the “Interim Final Rules”) on the restrictions and requirements placed on firms receiving financial assistance under the Troubled Asset Relief Program (“TARP”). The Interim Final Rules provide detailed guidance in relation to executive compensation and corporate governance. The following summarizes what has been clarified and expanded by the Interim Final Rules...

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