News & Analysis as of September 21, 2024

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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... more +

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 -

High Court hands down first ever merits judgment on international banking transfer rights under Lebanese law - Vatche Manoukian v...

BCLP on 3/25/2022

Following the recent decision of the High Court, in which specific performance was ordered against two Lebanese banks in favour of our client, Vatche Manoukian, the Court has now handed down its fully reasoned judgment. ...more

Funds held in Lebanon: UK consumer laws may help release them

BCLP on 10/26/2021

The financial and humanitarian crisis in Lebanon continues to hit the headlines. Our commercial disputes team has been assisting English domiciled families with funds held in Lebanese banks to take expedited legal steps in...more

European Real Estate Finance: Recent developments – June 2019

White & Case LLP on 6/11/2019

As part of our periodic updates, here is an overview of recent developments of relevance to participants in the real estate finance market across certain key jurisdictions in Europe....more

The New EU Law on Intermediate Holding Companies for Third-Country Banking Groups

A&O Shearman on 3/26/2019

Non-EU banking groups (“non-EU groups”) with large EU operations will be required to establish an EU intermediate parent undertaking (“IPU”) according to the final changes to the Capital Requirements Directive (“CRD 5”)...more

ECB Sets out Its Expectations for Booking Models and “Empty Shells” after Brexit

Pillsbury Winthrop Shaw Pittman LLP on 2/27/2018

Booking model practices used by international banks placed under scrutiny as a result of Brexit. The European Central Bank has been considering the booking model practices used by international banks, and how to prevent...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

Financial Regulatory Developments Focus - December 2016

A&O Shearman on 12/21/2016

In this week's 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...more

EU Bail-In Legislation

Sullivan & Worcester on 6/30/2016

The global financial crisis hit Europe especially hard, in large part because countries could not let their banking systems fail and the resultant governmental support of troubled banks caused systemic financial stress. The...more

Corporate and Financial Weekly Digest - Volume IX, Issue 43

Katten Muchin Rosenman LLP on 11/3/2014

In this issue: - ISS Announces Launch of QuickScore 3.0 - SEC Provides Relief to GSEC From Rule 204 Close-Out Requirements - CFTC Extends Relief to FCMs from Certain Commingling Requirements -...more

Orrick's Financial Industry Week In Review

Orrick, Herrington & Sutcliffe LLP on 5/12/2014

Council of the EU Adopts Bank Recovery and Resolution Directive - On May 6, the Council of the EU adopted at first reading the text of the Bank Recovery and Resolution Directive (BRRD). The BRRD seeks to harmonize...more

Orrick's Financial Industry Week in Review

Orrick, Herrington & Sutcliffe LLP on 4/29/2014

UK Government Backs "Transparency & Trust" Paper Recommendations - The UK government has published a response paper largely in agreement with the controversial "Transparency & Trust" discussion paper published by its...more

Separation Anxiety: Structural Reform of EU Credit Institutions

Morrison & Foerster LLP on 2/3/2014

The march towards structural reform of the EU banking sector has taken another step forward, as the EU Commission’s (the “Commission”) legislative proposals (the “Proposals”) for a Regulation implementing certain...more

PRA Sets Out Its Approach Towards Non-EEA Branches

Orrick - Finance 20/20 on 10/23/2013

On October 17, the PRA published a speech given by Andrew Baily, Deputy Governor of the Bank of England, which sets out the PRA’s approach towards non-EEA branches. In particular, the PRA intends to let Chinese banks open...more

Orrick's Financial Industry Week in Review - July 29,2013

Orrick, Herrington & Sutcliffe LLP on 7/30/2013

FHFA Statement on Freddie Mac Risk-Sharing Transaction - On July 24, the FHFA announced that Freddie Mac is nearing completion of its first risk-sharing transaction, a direct debt issuance, that will assist Freddie Mac...more

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