Too Big To Fail in the Dodd-Frank Era
May 31 (Bloomberg) -- Davis Polk Partner Randall Guynn speaks with Bloomberg Law's Lee Pacchia about how Dodd-Frank's orderly liquidation authority (OLA) gives lawmakers better choices when faced with the failure of complex...more
Cyprus has been in the spotlight recently due to the negotiations with what has become known as the troika (the International Monetary Fund, the European Central Bank and the European Commission)...more
Cyprus has come to an agreement with the European Union and the International Monetary Fund (IMF) for a €10bn bailout in an attempt to avoid the collapse of its banking sector and the impact that would have on the wider...more
In This Issue:
*Financial Industry Developments
- CFTC No-Action Relief for Commodity Trader Advisor Registration
- CFTC Regulations on Associated Persons of Swap Dealers and Major Swap Participants
Among the more technical topics we cover in this Blog, we keep an eye on Europe as we fundamentally continue to worry that Europe’s disease could infect our markets. As I write this, Cyprus is trying to sort out the terms of...more
20 March 2013 - Harneys is closely monitoring the evolving situation in Cyprus. Naturally we have, over the past few days, been assisting those of our clients who have accounts in Cyprus or corporate structures which involve...more
Update - Further to our briefing below kindly note that the draft bill for haircut on deposits was rejected by the House of Representatives. Harneys is monitoring the developments.
On 15 March 2013 the representatives...more
As U.S. Secretary of Treasury Timothy Geithner steps down, Treasury released a January 18, 2012 update on the Troubled Asset Relief Program (“TARP”). This most recent update highlights an often misunderstood reality —...more
Despite the best efforts of the Spanish people and Prime Minister Mariano Rajoy, the European Union will almost certainly need to bail out yet another struggling member state. This time it is Spain, the fourth largest economy...more
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