Fed Seeks Full GAO Review of AIG Involvement

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 19, 2010. Federal Reserve Board Chairman Ben Bernanke said the Fed would welcome a “full review” by the Government Accountability Office of all aspects of its involvement in extending credit to American International Group (AIG), Inc. In a January […]

IP and Computer Law – January 2010

From the editors of Wolters Kluwer Law & Business, this update describes important developments from CCH and Aspen Publishers intellectual property and computer law publications. If you have any comments or suggestions concerning the information provided or the format used, we’d like to hear from you. Please send your comments to john.arden@wolterskluwer.com. COPYRIGHTS Criminal Antipiracy […]

Staff Reverses Position on Livestock Antibiotics Proposals

The SEC’s Division of Corporation Finance has reversed its earlier view that Tyson Foods, Inc. may omit a shareholder proposal relating to the use of antibiotics in raising livestock. The staff initially advised that Tyson could omit the proposal from its proxy materials in reliance on the ordinary business exclusion. However, after reconsideration, the staff […]

SEC Proposes to Tighten Market Access Rules

The SEC yesterday approved the issuance of two proposals, one of which would prohibit broker-dealers from providing customers with unfiltered access to an exchange or an alternative trading system. The second proposal is in the form of a concept release seeking comments on the U.S. equity markets. Chair Mary Schapiro said these latest initiatives continue […]

PCAOB Reproposes Standards on Assessing Risk for Additional Comment

The PCAOB has reproposed for comment seven auditing standards and related amendments on the requirements for assessing risk during an audit. The reproposed standards respond to the comment letters that were submitted on the initial October 21, 2008 proposal. The Board has described these standards as the foundation for future standard setting. The standards cover […]

Obama Proposes Bank Fee to Recoup TARP Funds

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 14, 2010. President Obama, citing reports of “massive profits and obscene bonuses” in the financial sector, is proposing a Financial Crisis Responsibility Fee to be imposed over a 10-year period on financial firms with consolidated assets exceeding $50 billion. […]

Wall Street Firms Acknowledge Mistakes

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 13, 2010. The heads of major Wall Street financial institutions, appearing before a commission examining the causes of the 2008 financial crisis, acknowledged that their firms had made mistakes and called for stronger regulation that balances innovation and safety. […]

White House Considering Bank Fees to Recoup Bailout Funds

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 12, 2010. The White House is considering implementing a fee on banks in an effort to recoup Troubled Asset Relief Program (TARP) funds made available to the industry during the financial crisis, administration spokesmen said. “That’s one idea that’s […]

Dodd Will Not Seek Re-Election in November

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 6, 2010. Senate Banking, Housing and Urban Affairs Committee Chairman Chris Dodd, D-Conn., announced January 6 that he will not seek re-election to the Senate this November. “This is my moment to step aside,” Dodd said, noting that “this […]

Aspen Publishers Offers Must-read Book for Women Considering a Career in the Law

(RIVERWOODS, ILL., January 5, 2010) – Aspen Publishers now offers a unique, new resource for women considering a career in the law. Best Friends at the Bar: What Women Need to Know about a Career in the Law addresses the realities of law firm practice, especially in large firms, and gives pre-law students, law students and […]