LexisNexis® Legal Newsroom
Gabe Shawn Varges Examines Emerging International Indicators for Compliance Function Expectations, Particularly Positioning, Resources, and Authority

Global trends on risk management help foreshadow what may come to be expected of compliance functions in an increasing number of jurisdictions, particularly in respect of positioning, resources, and authority. Gabe Shawn Varges, Head of Governance at FINMA, the Swiss combined regulator for banking, insurance...

Sutherland Asbill & Brennan LLP Legal Alert: Derivatives Market Awaits Senate Agriculture Committee Bill After Dodd Bill Includes Few Changes

Derivatives and Structured Products Practice With the battle over healthcare finally behind it, Congress is moving forward with its plan to implement financial reform legislation, including regulation of the derivatives industry. Sen. Chris Dodd (D-CT) has spearheaded the most recent round of discussion...

China: Chinese Consider Revising Plan for a Super Regulator

By M. Machua Millett, Associate, Edwards Angell Palmer and Dodge LLP China is considering reviving its plan to set up a super regulator in order to make the government's oversight of the financial sector more efficient and expedient and improve the lack of integration and co-ordination between...

Perspective on the Senate Financial Reform Bill

On May 20, 2010, the U.S. Senate passed the Restoring American Financial Stability Act of 2010 (S. 3217) by a vote of 59 to 39. The Senate websites latest version of the Bill can be found here , and the Senate Banking, Housing and Urban Affairs Committee's link to the most current version can...

Senate Passes Financial Regulatory Bill – Dramatic Changes to Derivatives Regulation a Certainty

by Sutherland Asbill & Brennan LLP's Derivatives and Structured Products Practice Months of tortuous debate have come to an end as the U.S. Senate passed its version of financial regulatory reform on May 20, 2010. The passage of this piece of legislation, the Restoring American Financial...

K&L Gates on Dodd-Frank Wall Street Reform: Future Rulemaking

Excerpt: On June 30, 2010, the House adopted the conference report on H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Bill" or "Bill"). The Senate is expected to follow suit when it returns from recess later in July. This alert provides a high...

Dodd-Frank Wall Street Reform Act Includes Immediate Change to Securities Act of 1933 "Accredited Investor" Definition for Natural Persons

by Kristy T. Harlan and Vincent J. Pisano On July 21, President Obama signed the Dodd- Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). A change to the definition of "accredited investor" under the Securities Act of 1933, takes effect immediately and may impact issuers...

LexisNexis® Insurance Law Community Podcast featuring Paul Walker-Bright of Reed Smith on the Impact of the Dodd-Frank Act on the U.S. Insurance Industry

On this edition, Paul Walker-Bright of Reed Smith in Chicago discusses the provisions in the Dodd-Frank Act that deal with or affect the insurance industry, aspects of the industry that may be exempt from Act's insurance provisions and the authority the Federal Insurance Office will have to monitor...

Podcast: Dodd Frank Wall Street Reform and Consumer Protection Act's Impact on Insurance with Reed Smith's Paul Walker-Bright

On this edition, Paul Walker-Bright of Reed Smith in Chicago discusses the provisions in the Dodd-Frank Act that deal with or affect the insurance industry, aspects of the industry that may be exempt from Act's insurance provisions and the authority the Federal Insurance Office will have to monitor...

Dodd-Frank's Impact - Federal Insurance Office and State Regulation: Bridges to Nowhere or Building a Bridge?

By Carrie E. Cope, Shareholder, Schuyler Roche & Crisham, P.C. At one point or another, the availability of insurance has a substantial, and sometimes dramatic, impact on our lives. At the consumer level, it can mean the affordability of life-saving surgery or the accessibility of a home mortgage...

Dodd–Frank Wall Street Reform and Consumer Protection Act Regulation of Hedge Funds

Hedge funds were a key subject of debate during the passage of Dodd-Frank. While the funds were not tied to the causes of the market crisis, they do represent large pools of assets which can impact the market. Regulators frequently note that they have inadequate information about the funds. Accordingly...

Europe’s Approach to Derivatives Regulation

With this summer's passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act , it's Europe's turn to address financial regulation. This morning, the European Commission released its Proposal for Regulation on OTC Derivatives, central counterparties and trade repositories...

Podcast: The Volcker Rule and the Dodd-Frank Wall Street Reform Act - The Impact on Banking and the Securities Market

On this edition, Derek Bush of Cleary Gottlieb and Mark Perlow of K&L Gates discuss the Dodd-Frank Act and the Volcker Rule and its impact on securities markets and the banking industry. They discuss what banks will and won't be able to do, including restrictions on banks in the private fund...

Podcast and Podcast Transcript: Dodd-Frank Wall Street Reform and Consumer Protection Act, Analysis by Stan Keller & Hugh Makens

Moderator: This is the LexisNexis Corporate and Securities Law Community Podcast presentations and interviews with leading attorneys and industry professionals. On this edition Stan Keller of Edwards Angell Palmer & Dodge and Hugh Makens of Warner Norcross & Judd discuss provisions of the Dodd...

Podcast and Podcast Transcript: Impact on Private Fund Advisors of the Dodd-Frank Wall Street Reform and Consumer Protection Act

MODERATOR: This is the LexisNexis Corporate and Securities Law Community Podcast presentations and interviews with leading attorneys and industry professionals. On this edition Richard Phillips and Mike Eisenberg on the Dodd-Frank Act. RICHARD: Good morning. Our program this morning is focused on the...

Implications of the Dodd-Frank Act for Non-US Banking Organizations, Securities Firms, and Other Financial Companies

The Dodd-Frank Wall Street Reform and Consumer Protection Act represents the most sweeping overhaul of the US financial sector since the Great Depression. The Act will impact both the US and non-US business and activities of foreign banks, securities firms, and other financial companies in a number of...

U.S. Regulation, Express Delivered Overseas

In a series of recent conversations with industry colleagues around the world, one of the recurring themes has been the growing risk of regulatory investigation and enforcement action companies outside the U.S. are facing. One very particular aspect of the companies’ growing risk is that it frequently...

A Closer Look at JP Morgan's $920 Million "London Whale" Regulatory Settlements

As part of its September 19, 2013 entry into a total of $920 million in regulatory settlements related to the “London Whale” trading loss debacle, and as part of the SEC’s new policy requiring admissions of wrongdoing in certain “egregious” cases, JP Morgan provided the...

Do We Need More Financial Regulations?

When the Obama Administration argues that more financial regulation is needed to set us on the path to economic recovery, I would like to respectfully submit that the Great Recession could have been avoided, but its cause can be placed primarily on the shoulders of government, not on greed on the part...

Why Alan Greenspan Failed the Country

I have just finished Dr. Alan Greenspan’s latest book, “The Map and the Territory” and to some extent it fairly represents what caused the “Great Recession.” However, Dr. Greenspan omits the role of the Federal Reserve in causing the Great Recession. In 1960, Mortgage...

Looking at the Costs and Benefits of SOX

The Sarbanes Oxley Act was enacted nearly twelve years ago in the midst of profusion of corporate scandals. Despite the passage of time, the Act has remained controversial. In order to evaluate the Act’s impact, Harvard Law Professor John C. Coates and Harvard Business School Professor Suraj Srinivasan...

Hedge Funds Must Ramp Up Infrastructure to Accommodate Liquid Alts

Pressures have been mounting on hedge fund managers to hedge their own businesses and diversify away from the hedge fund model itself. Lackluster performance, difficult markets, fees that are perceived as too high, scandals and conflicts of interests are just a few of the factors that are leading managers...

Financial Services Issues Expected to be a Focus of New Republican Majority in Congress

by Andrew J. Buczek and Haydn J. Richards, Jr. There may be no policy area that will be impacted more by the Republican’s election day landslide than financial services. After years of frustration with Democrats unwillingness to make any changes to the Dodd-Frank Wall Street Reform Act (Dodd...

Open for Business: Pressures Mount on Financial Institutions to Meet Their Compliance Obligations

Think about transparency for a moment. As a property of physical objects, it is easy to define and understand. According to Merriam-Webster, for example, it’s the result of light that is transmitted “without appreciable scattering so that bodies lying beyond are seen clearly.” We...

This is Real Law: Looking Ahead: Regulatory Risks for Financial Institutions in 2015

Sometimes the surprise is that there are no other surprises. That realization might be dawning now on many financial institutions across the country, and their legal counsel, as 2014 draws to a close and the outlook for 2015 appears to be remarkably predictable. Sure, pressures are mounting on those...