LexisNexis® Legal Newsroom
Nonadmitted and Reinsurance Reform Act: Preemption of State Regulation of Reinsurance by Dodd-Frank Endangers Policyholders

By Karl L. Rubinstein As I discussed in my article of September 28, 2010 1 , Title V of the new Dodd-Frank Bill foreshadows a federal takeover of insurance regulation. When effective next year, it will not only subordinate state insurance laws to international treaties relating to “prudential...

Dodd-Frank Act Rulemakings - End-User Update

This commentary provides an overview of the status of significant rulemaking developments since the enactment of the landmark Dodd-Frank Wall Street Reform and Consumer Protection Act. It focuses on important issues facing end-users of derivatives and notes where the proposed rules would affect the derivatives...

SEC Finalizes Investment Adviser Rules under Dodd-Frank

The SEC has now finalized the rules implementing the Investment Advisers Act of 1940 (the " Advisers Act ") changes, which had been issued in proposed form near the end of 2010 following passage of the Dodd-Frank Act earlier that summer. These rules go into effect July 21, 2011, but the SEC...

Venture Capital Fund Exemption from Registration under the Advisers Act (Final Dodd-Frank Act Rules)

As contemplated by the Dodd-Frank Act, advisers that only manage venture capital funds will be exempt from the new registration requirements imposed upon private fund advisers under the Investment Advisers Act of 1940 (the " Advisers Act "). We will be covering these rules, which become...

Dodd-Frank: President Obama Installs Richard Cordray as Director of the CFPB

On January 4, 2012, President Obama installed Richard Cordray as Director of the new Consumer Financial Protection Bureau Financial Protection ("CFPB"). Mr. Cordray had served as Attorney General for the State of Ohio and most recently was in charge of the enforcement division of the Treasury...

Article: Conflicts of Interest in the Credit Rating Industry After Dodd-Frank: Continued Business As Usual?

7 Va. L. & Bus. Rev. 1, Spring 2012 Authors: Nan S. Ellis, Lisa M. Fairchild and Frank D'Souza Excerpt I. Introduction SINCE their inception, credit rating agencies (CRAs) have been important to the efficient functioning of debt markets. Their assessments of the creditworthiness of...

DLA Piper: How Are the EU and US Reforming the Rating Agencies?

A major strand in the narrative of the financial meltdown was that the subprime mortgage-backed securities and the subprime collateralized debt obligations sectors became unmoored from the market and rating agency discipline that had characterized other segments of the securitization market. In the...

Loan Grading & Risk Scoring under Basel III - Interview w/ Rob Newberry

Can your financial institution survive the next economic downturn? The recent financial crisis demonstrated how unexpected economic downturns and rapid deterioration in market conditions can significantly harm a bank’s financial condition and economic viability. Additionally, our ever-changing...