Banking and Finance

Recent Posts

Open for Business: Pressures Mount on Financial Institutions to Meet Their Compliance Obligations
Posted on 11 Nov 2014 by Real Law Editorial Team

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... Read More

A Closer Look at JP Morgan's $920 Million "London Whale" Regulatory Settlements
Posted on 20 Sep 2013 by Kevin M. LaCroix

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”... Read More

Podcast: The Volcker Rule and the Dodd-Frank Wall Street Reform Act - The Impact on Banking and the Securities Market
Posted on 5 Nov 2010 by Corporate and Securities Law Community Staff

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... Read More

Do We Need More Financial Regulations?
Posted on 23 Jan 2014 by Herb Jacobs

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... Read More

Dodd–Frank Wall Street Reform and Consumer Protection Act Regulation of Hedge Funds
Posted on 2 Sep 2010 by Thomas O. Gorman

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... Read More

Implications of the Dodd-Frank Act for Non-US Banking Organizations, Securities Firms, and Other Financial Companies
Posted on 21 Dec 2010 by arnold

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... Read More

This is Real Law: Looking Ahead: Regulatory Risks for Financial Institutions in 2015
Posted on 9 Dec 2014 by Real Law Editorial Team

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... Read More

Why Alan Greenspan Failed the Country
Posted on 30 Jan 2014 by Herb Jacobs

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... Read More

Dodd-Frank Hits 5th Birthday
Posted on 22 Jul 2015 by David N. Feldman

The Dodd–Frank Wall Street Reform and Consumer Protection Act was signed by the President on July 21, 2010. Quite a different world then. Some, like its namesakes, think it has made our banking and economic system safer and has been successfully... Read More

Financial Services Issues Expected to be a Focus of New Republican Majority in Congress
Posted on 7 Nov 2014 by Dykema

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... Read More

Hedge Funds Must Ramp Up Infrastructure to Accommodate Liquid Alts
Posted on 1 Oct 2014 by Judith Gross

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... Read More

U.S. Regulation, Express Delivered Overseas
Posted on 18 Sep 2013 by Kevin M. LaCroix

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... Read More