MVALaw Blogs

Never Waste a Crisis: How Coronavirus May Help Shape the LIBOR Transition

The transition away from LIBOR was born from the financial crisis.  For years regulators have been pushing for an alternative to the dominant market benchmark.  The underlying market was illiquid.  The rate was set by opinion, not transactions.  It was…

Valecia McDowell and Ed O’Keefe to Serve as Panelists for 2020 SIFMA C&L Annual Seminar

Charlotte White Collar, Regulatory Defense and Investigations Member Valecia M. McDowell and Financial Regulatory Advice and Response Member Edward O’Keefe will both serve as speakers at the 2020 SIFMA C&L Annual Seminar.

Bloomfield serves as panelist for 19th Annual Banking and Finance Forum

Charlotte Financial Regulatory Advice & Response Co-Head Neil Bloomfield served as a panelist for Mecklenburg County Bar’s 19th Annual Banking and Finance Forum which took place on November 22. Bloomfield joined others from Wells Fargo, Bank of America, and Bryan…

U.S. Regulator Suggests Easing Post-Crisis Derivatives Rules

By Neil Bloomfield. In another sign of progress, the Federal Deposit Insurance Corporation (FDIC) proposed easing a rule that requires banks to put cash aside to safeguard derivatives trades among affiliates. The proposal would remove the current requirement for members…

Fraud As An Operational Risk For Banks

By Neil Bloomfield and Kristina Whittaker. Operational risk is a continuing and increasing focus of the Office of the Comptroller of the Currency, and, as a result, it needs to be a greater priority of the institutions it regulates. The…

Revised Interagency Examination Procedures for the Flood Disaster Protection Act

By Neil Bloomfield. The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council (FFIEC) recently published the modified interagency examination procedures for the Flood Disaster Protection Act (FDPA) designed to promote consistency and communication of supervisory expectations…

Federal Reserve Discloses Plan for “FedNow” a Real Time Payment System

By Neil Bloomfield. The Federal Reserve Board (Federal Reserve) recently announced it will develop a “new round-the-clock real-time payment and settlement service”, named the FedNow℠Service to support faster payments in the United States.  FedNow will be a national instant payment…

WCIRA News Clips: SEC Staff Issues Statement on Preparing for Impending LIBOR Transition

As government authorities around the world create a constantly evolving regulatory environment, conduct overlapping investigations, and bring parallel proceedings, our goal is to serve as a leading-edge resource for companies navigating these waters. Moore & Van Allen’s WCIRA News Clips…

WCIRA News Clips: “At the Next Critical Stage in the Transition Away from LIBOR” – Federal Reserve Vice Chair Urges Companies, Financial Institutions to Begin Shift from LIBOR to Secured Overnight Financing Rate (SOFR)

As government authorities around the world create a constantly evolving regulatory environment, conduct overlapping investigations, and bring parallel proceedings, companies are facing perhaps the most challenging regulatory and criminal enforcement environment. Our goal is to serve as a leading-edge resource…

  • Comments Off on WCIRA News Clips: “At the Next Critical Stage in the Transition Away from LIBOR” – Federal Reserve Vice Chair Urges Companies, Financial Institutions to Begin Shift from LIBOR to Secured Overnight Financing Rate (SOFR)
  • Email to friend
  • Blog it
  • Stay updated

Moore & Van Allen Attorneys and Practices Recognized in 2019 Chambers & Partners Guide

Moore & Van Allen PLLC is pleased to announce that Chambers & Partners has ranked seven firm practice groups and 26 firm attorneys in the 2019 edition of its legal directory Chambers USA: America’s Leading Lawyers for Business. Moore & Van Allen’s…

Page 1 of 3:1 2 3 »