Despite “reform fatigue” and squeezed profit margins, financial services firms are dealing with a continued flood of regulation. Some are turning to new technologies for compliance help. A decade on from the global financial crisis, are policymakers and regulators starting to tire of imposing a seemingly endless drip-feed of new rules on financial services firms?
On September 27, 2017, the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (the “Banking Agencies”) issued a proposed joint rule to simplify several requirements in the Banking Agencies’ regulatory capital rule for banks. The proposed rule would apply only to banking organizations that are not
The expected number of financial institutions that use derivatives and hedging to manage interest rate risk is expected to rise as a result of Accounting Standards Update (“ASU”) No. 2017-12, Derivatives and Hedging, issued by the Financial Accounting Standards Board (“FASB”) in August 2017. While the ASU made targeted improvements to current hedging practices, the
Historically when owners of closely held small and medium businesses or executives of larger corporate entities make the decision to sell all or a portion of the business, the sale process includes the preparation by an investment banker of a confidential memorandum circulated to prospective buyers and the establishment of a data-room by the seller