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22 Apr 2023, 7:16 pm
For instance, if federally-regulated local banks faced new national rules on an issue like climate change disclosures, banks would need special permissions from local officials to keep public business in Utah he said. [read post]
19 Apr 2023, 9:01 pm by renholding
In addition to the written agreement, the Proposed Rule would also require advisers to obtain reasonable assurances in writing from qualified custodians (and maintain an ongoing reasonable belief) that the custodian will: exercise due care in accordance with reasonable commercial standards in discharging its duty as custodian and implement appropriate measures to safeguard client assets from theft, misuse, misappropriation, or other similar type of loss; indemnify the client (and have… [read post]
If you are interested in a more comprehensive discussion of this topic, please review our recent article on the topic published by The Review of Banking & Financial Services, or contact one of the authors directly. [read post]
17 Apr 2023, 5:57 am by Keian Razipour
It also determined that a third objection on jurisdiction, over claims regarding Bank Markazi, was not of a preliminary character and saved a full decision on that objection for full development of the factual record. [read post]
14 Apr 2023, 2:45 am by Emma Kent
  It is often simply a bank transfer process. [read post]
5 Apr 2023, 9:01 pm by renholding
Further, the assets managed just by private funds, now at approximately $25 trillion in gross assets, have surpassed the size of the entire U.S. commercial banking industry of approximately $23 trillion. [read post]
3 Apr 2023, 9:01 pm by renholding
Banks and savings associations would be required to hold client assets in an account designed to protect such assets from creditors of the bank or savings association in the event of its insolvency or failure. [read post]
3 Apr 2023, 6:05 am by Paul Nelson
Let’s say a firm tells the public that its VPN or banking application uses industry-standard cybersecurity practices. [read post]
30 Mar 2023, 5:31 am by William Byrd
The new approach needs to encompass but also go beyond the core humanitarian objective of saving lives. [read post]
29 Mar 2023, 11:15 am by Guest Author
At the outset, state-chartered savings and loan associations (S&Ls, or thrifts) filled a gap left by commercial banks, which did not finance home mortgages. [read post]
28 Mar 2023, 2:18 am by Joe Bebon, Editor
These employees showed up to the office more than three days in a given week.Companies are banking on new workplace investments. [read post]
22 Mar 2023, 9:05 pm by Isaac Rice
Regulations such as the prohibition on the dual functions of commerce and banking for commercial companies that distribute stablecoins prevent perverse incentives. [read post]
16 Mar 2023, 5:47 am by Rachel Alpert
These provisions should reassure banks that they can and should permit financial transfers for earthquake relief. [read post]
15 Mar 2023, 2:15 pm by Sherin and Lodgen
  About the Authors Jack Anetakis is Chair of the firm’s Commercial Finance Practice Group, Carla M. [read post]
15 Mar 2023, 7:00 am by Hunton Andrews Kurth LLP
An “Eligible Borrower” under the BTFP is any US federally insured depository institution (including a bank, savings association or credit union) or US branch or agency of a foreign bank that is eligible for “primary credit” under the Federal Reserve discount window. [read post]
1 Mar 2023, 7:55 am by Zamansky LLC
When people see Tom Brady, a lot of people identify that he’s used in other commercials for food and soft drink products. [read post]
20 Feb 2023, 4:46 am by Peter Mahler
In her post-trial decision last December in Hall v Middleton, Manhattan Commercial Division Justice Jennifer G. [read post]