News & Analysis as of September 22, 2024

European Union › Fiduciary Rule

+ Follow

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

Make No Mistake: Examining the Hastings-Bass Rule on Fiduciaries’ Mistakes Under Cayman Islands Law

Conyers on 5/10/2023

The Cayman Islands reformed its trust laws to provide a statutory mechanism by which ﬂawed decisions of trustees and other ﬁduciaries can be set aside on application to the court. The codiﬁcation of the Hastings‑Bass rule...more

US Securities and Exchange Commission Extends No-Action Relief for MiFID II Inducements and Research

A&O Shearman on 11/21/2019

The U.K. Financial Conduct Authority has welcomed the U.S. Securities and Exchange Commission’s extension of no-action relief addressing a potential conflict between U.S. regulation and the inducements and research provisions...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 6/22/2018

A couple of big-time SCOTUS opinions released yesterday will leave their mark on the financial world— First, the High Court found that internet retailers can be “required to collect sales taxes in states where they have no...more

Raising the Bar? SEC Proposes Broker-Dealer Standard of Care and Guidance on Investment Advisers’ Fiduciary Standard

A&O Shearman on 4/25/2018

On April 18, 2018, the U.S. Securities and Exchange Commission (“SEC”) took the long-awaited step of proposing rules, interpretations and guidance (the “Proposed Rules”) that would seek to enhance and clarify the standards of...more

Investment Services Regulatory Update - November 2017

Vedder Price on 11/21/2017

New Rules, Proposed Rules, Guidance and Alerts - SEC STAFF GUIDANCE AND ALERTS - SEC Staff Issues No-Action Letters to Facilitate Cross-Border Compliance with the Research “Unbundling” Provisions of the European...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 10/5/2017

Uber’s Board of Directors has officially voted to realign the power balance at the company, reducing the clout of ousted CEO Travis Kalanick, and setting the stage for a stock sale to SoftBank. Oh yeah, and prepping for that...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 5/5/2017

We’ve mentioned Uber’s Greyball issues before in passing. But since the authorities are literally making a Federal case out of it, you should probably know more about the details if the software tool that has the...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 5/4/2017

The Fed wrapped up its Open Market Committee meeting yesterday without any change in interest rates but with an expression of confidence in the economy, despite Q1’s sub-1 percent growth figure (which it dubbed “transitory”)....more

Your Daily Dose of Financial News

Robins Kaplan LLP on 3/15/2017

Financial transaction provider Euronet Worldwide’s made an unsolicited bid to acquire MoneyGram for about $1 billion in cash, throwing a wrench into Ant Financial’s plan to use MG as a way to break into the US market and...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 2/21/2017

Shareholders have accused Under Armour of “concealing the impact” of Sports Authority’s bankruptcy from investors in order to artificially inflate its stock price. The suit comes on the heels of a disastrous Q4 for UA, in...more

Financial Regulatory Developments Focus - February 2017

A&O Shearman on 2/13/2017

In this newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and...more

2017 Annual Update – Bryan Cave Private Funds Practice

BCLP on 2/10/2017

As we move into a new year, we have taken the opportunity to prepare an Annual Update for our investment adviser and private fund clients. This Annual Update reflects on major statutory and regulatory changes from 2016,...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 2/6/2017

RBS has agreed to pay $85 million to the CFTC to resolve allegations that its traders “manipulated the ISDAfix benchmark rate over a period of five years to benefit the bank’s derivatives positions”....more

Your Daily Dose of Financial News

Robins Kaplan LLP on 1/17/2017

Ratings Agency Moody’s Corp. has agreed to pay roughly $864 million to resolve federal and state claims that it gave juiced ratings to risky MBS in the run-up to the financial crisis. Half of the total will end up in DOJ...more

Structured Thoughts: News for the financial services community - Special Issue

Morrison & Foerster LLP - Structured Products on 12/27/2016

Final TLAC Rules and Structured Products - On December 15, 2016, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) issued its final rules regarding long-term debt and total loss absorbing...more

Structured Thoughts: News for the financial services community, Volume 7, Issue 12

Morrison & Foerster LLP - Structured Products on 12/13/2016

FDIC Adopts New Recordkeeping Requirements for Large Banks – Modifies Original Proposal as to Brokered CDs - In November 2016, the FDIC approved a final rule establishing recordkeeping requirements for insured...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 11/10/2016

So, it turns out that all of the Brexit-style market freefalling was reserved for overnight trading. US markets actually closed up yesterday after modest opening losses....more

17 Results

View per page

Page: of 1

European Union › Fiduciary Rule

"My best business intelligence, in one easy email…"