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11 May 2012
The first attempt by a Latin American issuer to tap US covered bond investors reveals what’s needed for the region’s banks to penetrate the market
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21 March 2012
Derivatives creditors of a Lehman Brothers Holdings (Lehman Brothers) subsidiary agreeing to a smaller share of distributions than they might have recovered through litigation paved the way for the bank’s landmark exit from Chapter 11 bankruptcy
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07 March 2012
The UK Supreme Court’s ruling in the Lehman Brothers International Europe (LBIE) client money case highlights the tensions of a legal framework that must deal with both sophisticated financial institutions and ordinary retail investors
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15 May 2012
BlackRock’s and Goldman Sachs’ bond trading platforms are expected to be the first of many as financial institutions prepare to comply with the Volcker Rule and Basel III. But their success is far from guaranteed
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02 May 2012
Proposals from the International Organisation of Securities Commissions (Iosco) have been widely criticised for distinguishing between exchange traded funds (ETFs) and collective investment funds (CIFs)
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25 April 2012
There is growing interest in global banks selling Cocos into the US. Despite no offerings going through yet, UBS recently sold into Asia, and others are preparing for US deals
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21 March 2012
The shortlist for the inaugural Euromoney Legal Media Group Americas Women in Business Law Awards has been announced
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09 March 2012
The SEC is reconsidering the ban on journalist solicitation during private placements, and may review reporting requirements for foreign private issuers in the US
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05 March 2012
Continuing uncertainty in the Eurozone is leading European companies to adopt US IPO structures
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07 February 2012
An NYSE memo to further restrict the type of corporate governance matters allowing for broker votes of unspecified shares could effectively handcuff corporate boards with supermajority voting policies
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02 February 2012
Why a New York Court of Appeals decision to allow investor litigation against financial advisers may mean higher advisory fees for institutional investors
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01 February 2012
US regulators have promised a risk retention release in Q2, but industry insiders expect a re-proposal not a final rule
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31 January 2012
The FDIC depositor protection concerns over covered bonds have been picked up by regulators in other parts of the world, according to panelists at ASF2012
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31 January 2012
Bank counsel fear that the SEC reconsideration of registration exemptions for asset-backed security issuers could further worsen securitisation’s plight under the Volcker rule
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27 January 2012
Copycat cases are expected if the Securities and Exchange Commission (SEC) approves Carlyle Group’s mandatory shareholder arbitration clause in the registration statement for its planned initial public offering (IPO)
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16 November 2011
Market volatility has increased wall-crossing practices among WKSIs. But US lawyers do not expect SEC plans to enable underwriters to offer wall-crossed securities prior to registration to come into effect
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14 November 2011
Coordination among US and international regulators is stronger than ever, according to the SEC's Mary Schapiro
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11 November 2011
The percentage of whistleblower filings resulting in investigations has been much higher than expected, according to SEC commissioner Elisse Walter.
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09 November 2011
Managing director says SEC and CFTC decision to reduce reporting requirements is “a big win"
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28 October 2011
The benefits of a CFTC rule to finalise speculative position limits for 28 types of commodity futures and swaps contracts are unclear. But the cost to hedge funds is not
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18 October 2011
Most hedge funds will not be deemed systemically important financial institutions if an Financial Stability Oversight Counsel’s proposal is enacted
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18 October 2011
Investment advisers have welcomed the SEC no-action letter on pay-to-play requirements
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18 October 2011
The 298-page Volcker rule proposals released last week by four regulators poses 383 questions - more than most senior practitioners have ever seen in one rule
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13 October 2011
IFLR has worked together with Latham & Watkins to release the book ‘Accessing the US capital markets from outside the United States: an overview of key legal issues’. View it here
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13 October 2011
Investors can purchase shares in private companies not subject to US SEC registration and disclosure requirements, if legislation drafted by US Representative Patrick McHenry is passed
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04 October 2011
Comparing less drastic price movements with the May 6 flash crash is counterproductive for equity market reform, say speakers at Sifma conference
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04 October 2011
Giving advice is an integral part of the underwriting service, says Kenneth Gibbs of Jefferies & Company
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29 September 2011
The SEC has taken an unusual approach in its rule banning conflicts in ABS transactions. It risks leaving market participants unsure over prohibited trades
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29 September 2011
Cost efficiencies and regulatory changes are behind this year’s spate of exchange mergers. And Dodd-Frank is set to encourage even more
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29 September 2011
Municipal bond experts opposed the proposal to remove longstanding municipal bond tax exemptions during a Securities Industry and Financial Markets Association (Sifma) conference on September 27
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15 September 2011
Despite the best efforts of US and European regulators, financial regulation experts say the market is no closer to finding an alternative to credit rating agencies
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15 September 2011
Bank of America’s inclusion of tracking stocks in its contingency plan requested by the Fed is the first mention of the security in a long time. But it's not returning
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15 September 2011
Delays to US swaps rules, combined with a regulator’s disapproval of an industry-proposed clearing framework in anticipation of the proposed rule is upsetting the market
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05 September 2011
MSBs must register with the US Financial Crimes Enforcement Network following an amendment of their definition
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05 September 2011
“The law and market realities just didn’t match up,” says Jay Baris of Morrison & Foerster
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02 September 2011
Regulators are in dialogue with the US’s loan trading trade body on the potential exemption of open market CLOs from risk retention rules
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30 August 2011
Uncollateralised exposure of US commercial banks in the OTC derivatives markets is lower than expected, says Isda
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16 August 2011
Rule 13H-1 will drive up US broker-dealers’ diligence requirements and ultimately increase cost burdens, say attorneys
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11 August 2011
The Consumer Financial Protection Bureau doesn’t have the ability to engage in new powers authorised in Title X of Dodd-Frank until a director can be appointed to its head
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02 August 2011
A New York legal counsel speaks out on the progress of implementation, including living wills, Volcker, ratings agencies and derivatives reform
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29 July 2011
Twelve months of Dodd-Frank rulemaking has shown a heightened degree of cooperation between the two US regulators, say lawyers
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28 July 2011
CFTC latest swaps proposal has attorneys puzzled as to its purpose
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28 July 2011
US Supreme Court’s decision could change the way banks choose swap counterparties. Here's why