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26 Apr 2018, 9:04 am
Maryland will ask, “If Maryland was getting substantial revenue from its tax on the federal bank, why did it oppose the constitutionality of the bank? [read post]
25 Apr 2018, 11:57 am
Labor Code section 1024.5 states that employers, except for financial institutions, may order a credit check only if the individual works (or is applying to work) in certain positions: a managerial position (as defined in California Wage Order 4); a position in the State Department of Justice; a sworn peace officer or law enforcement position; a position for which the employer must, by law, consider credit history information; a position that affords regular access to bank or credit card… [read post]
25 Apr 2018, 11:42 am
On April 17th, the National Institute of Standards and Technology (“NIST”), a component of the U.S. [read post]
25 Apr 2018, 11:01 am
Arab Bank, which was decided yesterday. [read post]
25 Apr 2018, 7:14 am
On 23 April 2018, the Basel Committee on Banking Supervision published its latest progress report providing a high-level view of its members’ progress in adopting the Basel III standards as of end-March 2018. [read post]
24 Apr 2018, 8:20 am
Finally, or nearly so, Paul unpacks the way in which liability for the SWIFT hacks may drive cybersecurity standards for banks. [read post]
23 Apr 2018, 2:43 pm
On April 17, 2018, the federal banking agencies proposed a revision to their regulatory capital rules to address and provide an option to phase in the regulatory capital effects of the new accounting standard for credit losses, known as the “Current Expected Credit Losses” (“CECL“) methodology. [read post]
23 Apr 2018, 2:38 pm
Finally, or nearly so, Paul unpacks the way in which liability for the SWIFT hacks may drive cybersecurity standards for banks. [read post]
23 Apr 2018, 1:20 am
The Reform Act accordingly amended both the 1933 Act and the 1934 Act to require courts to make the lead-plaintiff determination after deciding any motions to consolidate, and to appoint a single “most adequate plaintiff” as the lead plaintiff for all consolidated actions.[18] In addition, the Reform Act imposes heightened pleading standards that make it easier for courts to dismiss unfounded fraud allegations. [read post]
20 Apr 2018, 8:41 am
” Id.Because this “hired-to-invent” rule is “firmly groundedin the principles of contract law,” Banks v. [read post]
19 Apr 2018, 9:30 pm
He also nominated Michelle Bowman, Commissioner of the State Bank of Kansas, for a seat on the board reserved for someone with community banking experience. [read post]
19 Apr 2018, 6:00 am
The Cybersecurity Framework aims to focus on industries vital to national and economic security, including energy, banking, communications, and defense, and provides a universal structure that can be tailored to varied methods of cybersecurity by compiling effective standards, guidelines, and practices into one framework. [read post]
19 Apr 2018, 5:00 am
The Cybersecurity Framework aims to focus on industries vital to national and economic security, including energy, banking, communications, and defense, and provides a universal structure that can be tailored to varied methods of cybersecurity by compiling effective standards, guidelines, and practices into one framework. [read post]
19 Apr 2018, 2:22 am
The allocation is still under consideration; the vast majority of BTS will become the responsibility of the Bank of England, the PRA and the FCA. [read post]
19 Apr 2018, 1:54 am
Among other things HM Treasury states that as “the UK prepares to leave the EU, it remains committed to international standards for the financial industry, of which Basel III is a key component. [read post]
19 Apr 2018, 1:51 am
On 17 April 2018, the European Banking Authority (EBA) published amendments to the Implementing Technical Standards (ITS) on supervisory reporting, a new ITS on reporting for resolution plans and the corresponding Data Point Model (DPM) and XBRL taxonomy. [read post]
19 Apr 2018, 1:48 am
The EBA recognises that the revised standardised approach for credit risk agreed by the Basel Committee on Banking Supervision as part of its Basel III finalisation in December 2017 no longer includes provisions on ‘higher risk exposures’ as the Basel II standard currently does. [read post]
19 Apr 2018, 12:00 am
The court determined Plaintiffs sufficiently met the heightened pleading standard under the PSLRA for the majority of their allegations. [read post]
18 Apr 2018, 11:32 pm
But thinking linguistically Many people I meet, are none too comfortable with the standard terms. [read post]
18 Apr 2018, 11:32 pm
But thinking linguistically Many people I meet, are none too comfortable with the standard terms. [read post]