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The FTC announced in late October that the enforcement deadline for the Identity Theft “Red Flags” Rule would be extended to June 1, 2010. This extension should be viewed as an indication of the time required for financial institutions and...
On October 30, 2009, the FDIC and other financial regulators released a 33-page Policy Statement on Prudent Commercial Real Estate Loan Workouts describing how examiners should evaluate the efforts of financial institutions to renew or restructure...
The Federal Deposit Insurance Corporation (“FDIC”) has issued a notice entitled “Weekly National Rates and Rate Caps” in which it reminded less than well capitalized FDIC-insured institutions that they can use the redefined national rate to...
Speaking on October 4 at the International Institute of Finance meeting in Istanbul, Turkey, FDIC Chairman Shelia Bair proposed that the “first task” of financial regulatory reform should be to scrap the “too big to fail” doctrine with a view...
Articles that appeared recently in The Financial Times and on Bloomberg.com highlighted the systemic problems that arise when financial entities are deemed too big to allow to fail. As the first anniversary of the failure of Lehman Brothers Holdings,...