Amendments to Offshore Fund Rules to Reflect Finance Act 2014 AIFM Partnership Tax Changes -
Regulations amending the Offshore Funds Regulations 2009 (the 2009 Regulations) to reflect the Finance Act 2014 changes to...more
New York's Highest Court Will Review First Department Decision on RMBS Putback Statute of Limitations -
On June 27, the Court of Appeals for the State of New York agreed to review the First Department's December 2013...more
FMLC Publishes Response on Bail-in Powers -
In response to a consultation by HM Treasury, the UK's Financial Markets Law Committee (FMLC) published a letter on June 4 relating to the bail-in powers introduced by the...more
On May 29, Fitch released its criteria for rating U.S. nonprofit institutions.
On May 28, Fitch released its criteria for rating caps and limitations on global structured finance transactions....more
On April 28, Moody’s released a request for comment on proposed changes to its global credit card ABS rating approach. Comments must be submitted by June 9.
On April 22, Moody’s released its methodology for rating...more
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
European Banking Authority Publishes Opinion on European Commission's Proposed Amendments to ITS -
On April 16, the European Banking Authority (EBA) published via its website an opinion dated April 4, 2014 on...more
Agencies Apply Increased Leverage Ratio to Large U.S. Banks -
On April 8, the Fed, FDIC and OCC adopted the final rule to increase the leverage ratio for the largest U.S. banks. The final rule applies to U.S. bank...more
On March 25, Moody’s released its approach to rating RMBS using the MILAN framework.
On March 25, Moody’s released its approach to assessing incremental risk posed by ability to repay rules in US RMBS....more
Fed Issues a Report on Mobile Financial Services -
On March 25, the Fed issued a report on the use of mobile phones to obtain financial services. Last year, 33 percent of all mobile phone users and 51 percent of...more
On March 19, S&P released its methodology for rating CDOs of project finance debt.
On March 17, Fitch released its criteria for analyzing RMBS under the Ability-to-Repay and Qualified Mortgage rules....more
UCITS 5 Political Agreement Reached -
On February 25, the European Parliament published a press release announcing that political agreement has been reached with the Council of the EU on the proposed UCITS V Directive....more
On February 14, Fitch released its criteria for rating U.S. commercial mortgage servicers. On February 13, Fitch released its criteria for rating RMBS in Latin America. On February 11, Moody’s released its criteria for rating...more
No-Action Letter Provides Relief to M&A Brokers -
On January 31, in a significant no-action letter (Letter), the Staff of the Division of Trading and Markets provided assurances that it would not recommend enforcement...more
On January 30, Fitch released its criteria for rating structured finance servicers of various products, including RMBS, CMBS and ABS. On January 30, Fitch released its criteria for rating operational risk of U.S. servicers of...more
Protocol on the Operation of the ESMA MiFID Database -
On January 29, the European Securities and Markets Authority (ESMA) updated its protocol on the operation of its MiFID database (ESMA/2013/68b).
European Parliament Committee Publishes Opinion on Money Laundering Directive 4 -
On January 7, the European Parliament published an opinion, written by its Committee on Legal Affairs (or JURI) relating to the...more
On December 24, S&P released its methodology for rating U.S. RMBS Synthetic Risk Transfers. On December 23, S&P released its methodology for rating U.S. RMBS surveillance credit and cash flow analysis for pre-2009...more
CFTC Issues Time-Limited No-Action Letter Relating to Certain CDS Clearing-Related Swaps Executed Pursuant to a CDS Settlement Price Process -
On December 31, CFTC issued a no-action letter providing time-limited...more
Council of EU Publishes UK Issues Paper on MLD4 -
On November 24, the Council of the European Union published a note (dated November 8, 2013) from the Council Presidency to Council Delegations which includes a UK...more
FDIC Guidance on Deposit Advance Products -
On November 21, the FDIC issued final supervisory guidance to FDIC-supervised financial institutions with respect to the risks imposed by certain deposit advance products. ...more
On November 13, Moody’s released its FHA-VA RMBS surveillance methodology. On November 12, Moody’s released its approach to assessing swap counterparties in cash flow transactions. On November 12, DBRS released its rating...more
On November 6, Moody’s released its U.S. RMBS surveillance methodology. On November 6, Moody’s released its approach to rating RMBS using the ‘MILAN‘ (Moody’s Individual Loan Analysis) framework. On November 6, DBRS released...more
The Fed Approves New Fee Schedules -
On October 31, the Fed announced new fee schedules, effective January 2, 2014, for payment services the Federal Reserve Banks provide to depository institutions (priced services). ...more
Agency Template for Tailored Resolution Plans -
On September 3, the FDIC and the Fed released an optional model template for tailored resolution plans required to be submitted by the Dodd-Frank Act.
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