Search results for

By Koo and Partners, Hong Kong and Beijing

The Mexican Financial System By Antonio Franck and José Visoso of Franck, Galicia y Robles SC, Mexico City

By Kitty Lieverse and Harold Tuinstra of Loyens & Loeff, Amsterdam

Important recent developments in the tax environment for banks and financial services By Dr Felix Klinger and Robert Prätzler of Ernst & Young Frankfurt

By Tibor Fabian of Binder Grösswang Rechtsanwälte, Vienna

Tibor Fabian Binder Grösswang Rechtsanwälte

By Kei Ito and Hikaru Oguchi of Nishimura & Partners, Tokyo

The Gramm-Leach Bliley Act: the regulatory aftermath By Winthrop N Brown of Milbank, Tweed, Hadley McCloy LLP

The House of Representatives has approved legislation that will save investors and companies nearly $8 billion in fees over the next five years. The bill, which was passed overwhelmingly last month, reduces the rates that the US Securities and Exchange Commission (SEC) charges on equity transactions, securities registrations, public offerings and mergers and acquisitions (M&A) deals. The cut follows pressure from industry trade groups, including the Security Traders Association, which said the SEC was collecting much more than it needed to cover its activities.

To prevent interference in the capital markets by US lawmakers, a Wall Street trade body has proposed new voluntary codes to govern the activities of financial analysts. The Securities Industry Association (SIA) released the guidelines in June. The move is being seen as an effort to pre-empt the outcome of an investigation by the House Financial Services subcommittee into analysts' work.