On September 1, 2017 the Federal Reserve voted to adopt a final rule requiring U.S. global systemically important banking institutions ("GSIBs") and the U.S. operations of foreign GSIBs to amend qualified financial contracts...more
9/12/2017
/ Banks ,
Commercial Bankruptcy ,
Contract Termination ,
Federal Reserve ,
Final Rules ,
Foreign Banks ,
Global Systemically Important Banks (G-SIBs) ,
Insolvency ,
Liquidation ,
Loans ,
Qualified Financial Contracts (QFC) ,
Repossess ,
Stocks ,
Swaps
Last month, the Federal Reserve Board issued an Interim Final Rule that treats uninsured U.S. branches and agencies of foreign banks the same as insured depository institutions ("IDIs") for purposes of Section 716 of the...more