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21 Jun 2012, 1:41 am
That should mean the UK can avoid some of the problems that followed the Lehmans and Icelandic banking collapses, because they were operating in the UK via branches.But that hardly seems appropriate or desirable if you're a US insurer or reinsurer. [read post]
10 Jul 2011, 9:00 am by Elan Mendel
The rule, modeled on the CFTC and OCC rules proposed previously, has only undergone very minor alterations and clarifications since it was first proposed on May 11th.The rule applies to all insured depository institutions (IDIs) for which the FDIC is the prudential regulator, primarily state non-member insured banks, but also including foreign banks with insured domestic branches. [read post]
16 Jun 2016, 2:48 am by Matrix Legal Support Service
The High Court allowed their appeal at first instance but the Court of Appeal found in favour of Lloyd’s Banking Group that a CDE had occurred. [read post]
28 May 2019, 10:50 am by Simon Lovegrove (UK)
For example, HM Treasury understands that only one individual out of the UK’s 43 building societies would be captured; investment firms who are currently subject to CRD IV rules will benefit from more proportionate remuneration rules under the new prudential regime for investment firms, the Investment Firms Review. [read post]
12 Jul 2024, 6:57 am by Simon Lovegrove (UK)
The Implementing Regulation applies from 14 July 2024. 15 July 2024 – On 3 June 2024, the European Central Bank issued a consultation on a new draft guide on outsourcing cloud services to cloud service providers. [read post]
The FCA has also published two directions (FCA Transitonal Direction and FCA Prudential Transitional Direction) relating to the use of its temporary transitional power (TTP) which is further discussed in chapter 3 of PS19/5. [read post]
26 Mar 2020, 7:55 pm by Alexandra Keenan
These actions, taken in concert with actions taken by the Bank, the Monetary Policy Committee (MPC) and the Prudential Regulation Committee (PRC), have sought to reduce pressure on banks to restrict the provision of financial services, including the supply of credit and support for market functioning, and ensure that the financial system can be a source of strength for the real economy during this challenging period. [read post]
24 Feb 2010, 5:06 am by Broc Romanek
" That is the position the bank and its executives have argued since last spring, but Mr. [read post]
9 Dec 2010, 11:06 am by Simon Lester
 And that same thing, then, could be happening with our bail-out money to banks. [read post]
4 Oct 2010, 5:52 am by Beth Graham
 See In re Bank of America, 278 S.W.3d 342, 344–45 (Tex. 2009) (per curiam); Prudential, 148 S.W.3d at 134. [read post]
5 Jan 2012, 7:31 am by Erik Gerding
Sequential triggers could incentivize corrective actions by bank management. [read post]
4 Nov 2009, 1:03 am
  The discussion draft adds the concept of International Insurance Agreements on Prudential Measures, defined as, “a written bilateral or multilateral agreement entered into between the United States and a foreign government, authority, or regulatory entity regarding prudential measures applicable to the business of insurance or reinsurance. [read post]
2 Mar 2011, 3:46 pm by Ted Allen
Under that rule, investors may show eligibility by submitting a letter from the "record holder" of their securities, such as broker or a bank. [read post]
It also explains how the PRA and Bank of England will replace the CRR and CBR provisions with regulator rules and statements of policy. [read post]
28 Oct 2008, 8:28 pm
Maybe they didn't notice the fine job Barney Frank and the banking committee did with Fannie Mae and Freddie Mac. [read post]
21 Jul 2009, 6:46 am
She has successfully lead seminars for groups ranging from 8 to 500 internationally, for hundreds of organizations and thousands of people, including Lockheed Martin, Prudential Financial, Pfizer Pharmaceuticals, Advanced Results Marketing, Children's Trust, Management Institute at Rowan University, Underwood Memorial Hospital, TCI Bank Limited with outstanding feedback. [read post]
2 Oct 2017, 7:59 am by Kathleen Scott
With AIG’s SIFI status lifted, the last SIFI standing is Prudential. [read post]
11 Jul 2014, 12:33 pm by Keith R. Fisher
Distribution of Civil Penalty Funds Civil money penalties assessed by the prudential bank regulators are payable to the U.S. [read post]
28 Apr 2020, 3:29 am by Simon Lovegrove (UK)
The statement does not provide an exhaustive description of the prudential requirements that apply to loans extended by participating banks to businesses under the schemes, nor is it a comprehensive description of the regime under which CRM techniques impact the calculation of risk-weighted exposure amounts. [read post]