On 1 April 2013, the division of the UK Financial Services Authority (FSA)’s regulatory functions took effect. The relevant regulators and institutions are now the Financial Conduct Authority (FCA), Prudential Regulatory...more
UK and US bank supervisors have recently issued proposals to address the impact of US and other national depositor preference regimes on local depositors. This memorandum summarises these proposals and in particular discusses...more
Under the Affordable Care Act, a number of significant tax increases go into effect in 2013 and other tax provisions will be implemented during the next several years. Provisions starting in 2013 include:
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