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As we mentioned in a previous post, the ARRC is a group of private sector market participants organized by the Board of Governors of the Federal Reserve System (“FRB”) and the New York Federal Reserve Bank (“FRBNY”) to help facilitate a successful transition from LIBOR to its recommended alternative, the Secured Overnight Financing Rate (“SOFR”). [read post]
3 Feb 2011, 5:23 pm
The New York Times has posted an article about new regulations the FDIC, which monitors 4800 banks, has put on banks to monitor the debit card industry. [read post]
1 Aug 2013, 6:25 am by Staci Zaretsky
[CBS News] Continue reading »Follow Above the Law on Twitter or become a fan on Facebook.Tags: 9th Circuit, Ariel Castro, Banking Law, Bar Exams, Biglaw, Books, Cleveland Kidnapper, Discrimination, Electronic Arts, Federal Government, Federal Judges, Federal Reserve, J.K. [read post]
30 Nov 2022, 5:16 am by Yaya J. Fanusie
-led global infrastructure becomes too expensive, the incentive increases for others to find a new way. [read post]
Simultaneously, S9070 would guide the U.S. market toward a benchmark replacement eventually to be selected by the Board of Governors of the Federal Reserve Board (“FRB”), the Federal Reserve Bank of New York, or the Alternative Reference Rates Committee (“ARRC”). [read post]
13 Nov 2007, 5:54 pm
The Fed has lowered both the discount and federal-funds rates, while also injecting a large volume of reserves into the banking system. [read post]
18 Jul 2008, 2:32 am
This has necessitated emergency action on the part of the Federal Reserve to rescue these institutions.Consequently, the SEC has imposed a temporary ban on the practice of "naked" short selling in certain specific stocks (19 of them). [read post]
30 Jul 2014, 4:11 pm by Sabrina I. Pacifici
This paper presents the “Federal Reserve Bank of New York (FRBNY) Staff Underlying Inflation Gauge (UIG)” for CPI and PCE. [read post]
27 Sep 2008, 6:33 pm
("AIG") entered into an $85 billion revolving credit facility (the "Credit Facility") and a Guarantee and Pledge Agreement (the "Pledge Agreement") with the Federal Reserve Bank of New York ("NY Fed"). [read post]
14 Oct 2011, 12:00 am by Mima Mohammed
The Federal Aviation Administration (FAA) granted a joint waiver request of Delta Air Lines and US Airways to allow the airlines to trade slots at New York LaGuardia Airport and Ronald Reagan Washington National Airport. [read post]
22 Jul 2011, 8:23 am by McNabb Associates, P.C.
Walder, Schaerer, their co-conspirators and others allegedly made false statements and provided misleading information to the Federal Reserve Bank of New York and to the IRS in order to conceal the international bank’s U.S. cross-border banking business and the role of the New York representative office in that business. [read post]
The principles affirm a tailored approach to climate risk management The Basel Committee, OCC, FDIC and New York Department of Financial Services (NY DFS) all suggest that banking organizations should calibrate climate-related risk management programs to their circumstances. [read post]
5 Mar 2020, 7:16 am by ernst
Tan, a JD student at the NYU Law School, has posted What the Federal Reserve Board Tells Us About Agency Independence, which is forthcoming in the New York University Law Review 95 (April 2020): 101-135. [read post]
13 Aug 2011, 9:36 am
Parties to the settlement included the Bank of NY Mellon, BlackRock, the Federal reserve Bank of New York, and PIMCO. [read post]
14 Aug 2014, 4:11 pm by John Jascob
Rosengren, in a keynote address at a conference on the risks of wholesale funding sponsored by the Federal Reserve Banks of Boston and New York, noted that broker-dealers played a dramatic role in the 2008 financial crisis yet the SEC’s capital and liquidity requirements have not materially changed. [read post]
8 Sep 2010, 1:44 am
If you are already an online subscriber to the New York Law Journal you should be able to click on any of the links provided below, sign in, and access the full text of articles listed. [read post]
29 Jul 2013, 5:30 am by Carlos Kelly
Last month, the Federal Reserve Bank of New York posted on its website a paper written by Robert Hockett, a professor of financial and monetary law at Cornell Law School, and a recent visiting scholar at the New York Fed. [read post]