A recurring question is whether bank directors should be held to a more stringent fiduciary duty than are the directors of other kinds of companies. The question has been raised in the current wave of failed bank litigation, as the FDIC has tried to argue...
The Dodd-Frank Wall Street Reform and Consumer Protection
Act (the "Act") requires seven Federal agencies (the "Agencies") to jointly
prescribe regulations or guidelines with respect to incentive-based
compensation practices at covered...
45 Ga. L. Rev. 779
Author: Manuel A. Utset*
Modern financial institutions are large, complex, highly interconnected, and-compared
to nonfinancial firms-fragile. Some have become "too-big-to-fail,"...
In the wake of the 9/11 terrorist attacks, Congress enacted or expanded a number of laws regarding the global financial system in order to combat money laundering and promote national security. As I have noted in prior post (most recently here ), regulatory...