Responses to Market Conditions: United States United States
United States

August 12, 2010
Changes to the Regulation of Broker-Dealers and Investment Advisers Under Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Cadwalader, Wickersham & Taft).

July 30, 2010
SIFMA SmartBrief Special Update on Regulatory Reform -- Part II.

July 29, 2010
SIFMA SmartBrief Special Update on Regulatory Reform – Part I.

July 21, 2010
Impact of the Repeal of Securities Act of 1933 Rule 436(g) pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Cleary Gottlieb Steen & Hamilton, Cravath, Swaine & Moore, Davis Polk & Wardwell, Latham & Watkins, Mayer Brown, Shearman & Sterling, Sidley Austin, Simpson Thacher & Bartlett, Skadden, Arps, Slate, Meagher & Flom and Sullivan & Cromwell).

Dodd-Frank Wall Street Reform and Consumer Protection Act, Preliminary Assessment of Provisions Effective Immediately or Very Soon After Enactment and Timeline (Davis Polk & Wardwell).

July 20, 2010
Reforms to the Asset-Backed Securitization Process and the Regulation of Credit Rating Agencies under Dodd-Frank Wall Street Reform and Consumer Protection Act (Cadwalader, Wickersham & Taft).

The Dodd-Frank Act: How It Impacts Specific Industries, Entities and Transactions (Cadwalader, Wickersham & Taft).


Overview and Implications of the Regulatory Reform of OTC Derivatives (Dewey & LeBoeuf).


July 18, 2010
Preliminary Assessment of Provisions Effective Immediately or Very Soon After Enactment (Davis Polk & Wardwell).

July 16, 2010
U.S. Financial Reform Legislation Does Not Authorize Private Aiding And Abetting Actions, But Expressly Clarifies And Enhances The SEC’s Ability To Pursue Secondary Actors (Richards Kibbe & Orbe).

Understanding the New Financial Reform Legislation (Mayer Brown).


Financial Regulatory Reform: An Overview of The Dodd-Frank Wall Street Reform and Consumer Protection Act (Weil Gotshal).


The Dodd-Frank Act: A Cheat Sheet (Morrison & Foerster).


July 15, 2010
SIFMA Regulatory Reform Summit Highlights.

July 9, 2010
Summary of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Regulatory Implementation Slides (Davis Polk & Wardwell).

Dodd-Frank Wall Street Reform and Consumer Protection Act Poised to Usher in Sweeping Reform of U.S. Financial Services Regulation (Cleary Gottlieb).

July 2, 2010
House of Representatives Approves Historic Revision of Financial Services Regulation (Sullivan & Cromwell).

June 9, 2010
U.S. Financial Reform Legislation – Will the Syndicated Loan Market be Affected? (Clifford Chance).

June 2, 2010
Financial Reform Side-by-Side Comparison Chart - Key Senate and House Bill Issues (Davis Polk & Wardwell).

May 27, 2010
The Changing Face of Hedge Fund Regulation (Cadwalader, Wickersham & Taft).

May 22, 2010
Summary of the Restoring American Financial Stability Act, Passed by the Senate on May 20, 2010 (Davis Polk).

May 19, 2010
SIFMA Develops Capitol Interest, a Website that Provides Updates and Information About the Financial Reform Debate. 

May 3, 2010
Some Concerns with the Derivatives Legislation (Cadwalader, Wickersham & Taft).

April 7, 2010
The $100 Billion Question (Bank of England).

2009 JP Morgan Chase Shareholder Report on Financial System Reform and America's Success (excerpted pages 25-end) by Jamie Dimon, Chairman and Chief Executive Officer.


2009 Goldman Sachs Annual Shareholder Report by Lloyd C. Blankfein, Chairman and Chief Executive Officer, and Gary D. Cohn, President and Chief Operating Officer.


March 23, 2010
Summary of Manager’s Amendment to the March Dodd Bill (Davis Polk).

March 17, 2010
Senator Dodd's Proposed Legislation (Davis Polk Summary of the Legislation).

Summary of the March 15, 2010 Draft of the Restoring American Financial Stability Act, Introduced by Senator Christopher Dodd (D-CT) (Davis Polk).


Revised Senate Discussion Draft of Proposed Securitization Reform Legislation (Sidley Austin).


March 15, 2010
Senator Dodd's Proposed Legislation (Senate Banking Committee Summary of the Legislation).

Revised Draft of Senator Dodd Bill.


March 5, 2010
Treasury Proposes “Volcker Rule” Legislative Text (Davis Polk).

March 3, 2010
Recent Changes to SEC Rating Agency Reform Impose Burdensome Requirements on Structured Products Participants (Cadwalader, Wickersham & Taft).

February 4, 2010
House Regulatory Reform Bill May Impose Further Burdens On Large Funds (Cadwalader, Wickersham & Taft).

December 22, 2009
SEC Adopts Changes to Corporate Governance Disclosure Requirements (Paul Weiss).

December 17, 2009
SEC Approves Enhanced Disclosure About Risk, Compensation and Corporate Governance (Paul Weiss).

December 11, 2009
LSTA Week in Review.

October 30, 2009
LSTA Week in Review.

October 27, 2009
Financial Stability Improvement Act Press Release.

Financial Stability Improvement Act Discussion Draft.


October 23, 2009
LSTA Week in Review.

October 9, 2009
LSTA Week in Review.

October 5, 2009
LSTA Week in Review.

September 29, 2009
Lehman Bankruptcy Court Holds ISDA Swap Counterparty in Violation of Automatic Stay/Counterparty Seeks Modification (Cadwalader, Wickersham & Taft).

September 24, 2009
The Davis Polk Financial Crisis Manual (Davis Polk & Wardwell). 

SEC Takes Action on Credit Rating Agency Rules (Cleary Gottlieb).

September 3, 2009
Principles for Reforming the U.S. and International Regulatory Capital Framework for Banking Firms (US Treasury).

September 1, 2009
Administration's Proposed OTC Derivatives Legislation (Cleary Gottlieb).

August 14, 2009
LSTA Week in Review.

August 7, 2009
LSTA Week in Review.

August 3, 2009
SEC Adopts Short Selling Rule Giving Permanent Effect to Close-Out Requirement (Paul Weiss).

July 27, 2009
SEC Proposes Changes to Compensation and Corporate Governance Disclosures and Proxy Solicitation Rules (Paul Weiss).

July 26, 2009
Interim Final Rule on TARP Standards for Compensation and Corporate Governance (Paul Weiss).

July 24, 2009
LSTA Week in Review.

July 23, 2009
Obama Administration Releases Legislative Language Regarding Asset-Backed Securitization (Cadwalader, Wickersham & Taft).

July 22, 2009
Obama Administration Proposes Registration of All Private Fund Advisers (Paul Weiss).

July 17, 2009
LSTA Week in Review.

July 15, 2009
Private Equity Investments in Troubled Banks (Cadwalader, Wickersham & Taft).

July 14, 2009
Obama Administration Releases Proposed Legislation to Strengthen the SEC’s Authority to Protect Investors (Paul Weiss).

July 10, 2009
LSTA Week in Review.

July 8, 2009
A Reference Guide to the Financial Crisis Rescue Efforts and Regulatory Reform Initiatives (Paul Weiss).

July 2, 2009
SEC Proposes Enhanced Compensation and Corporate Governance Disclosures for U.S. Public Companies (Paul Weiss).

July 1, 2009
SEC Proposes Rules Implementing "Say-On-Pay" Requirement for TARP Recipients (Paul Weiss).

June 29, 2009
LSTA Week in Review.

June 26, 2009
LSTA Week in Review. 

Interim Final Rule on TARP Standards for Compensation and Corporate Governance (Paul Weiss).

June 22, 2009
The Obama Administration’s Financial Regulatory Reform Proposal (Cadwalader, Wickersham & Taft).

Impact of the Obama Financial Regulatory Proposal on Specific Markets and on the U.S. Financial Regulatory Framework (Cadwalader, Wickersham & Taft).


A New Foundation for Financial Regulation (Davis Polk & Wardwell).


The Obama Administration’s Financial Regulatory Reform Proposal and Its Impact on the Securitization Markets (Cadwalader, Wickersham & Taft).


Obama Proposal for Regulatory Reform as It Relates to OTC Derivatives Markets (Cadwalader, Wickersham & Taft).

June 19, 2009
LSTA Week in Review.

Treasury Proposes Comprehensive Financial Regulatory Reform (Paul Weiss).


June 17, 2009
Obama Administration's Financial Regulatory Reform Proposal Introduced (Cadwalader, Wickersham & Taft).

Regulation of Private Fund Advisers Imminent (Paul Weiss).


Obama Financial Reform Proposal 2009 Regulatory Reform Matrix and Historical Regulatory Reform Matrix (Patton Boggs).

June 12, 2009
New Federal Principles and Proposals on Executive Compensation (Paul Weiss).

May 27, 2009
TALF: Legacy CMBS Framework Announced (Paul Weiss).

May 20, 2009
The Treasury Outline on Regulation of Over-The-Counter (OTC) Derivatives (Paul Weiss).

May 15, 2009
Regulatory Reform of OTC Derivatives Markets (Cadwalader, Wickersham & Taft).

May 12, 2009
A Reference Guide to the Financial Crisis Rescue Efforts (Paul Weiss).

May 8, 2009
Governmental Assistance to the Financial Sector: An Overview of the Global Responses (Shearman & Sterling).

LSTA Week in Review.


May 7, 2009
A Reference Guide to the Financial Crisis Rescue Efforts (Paul Weiss).

House Passes the Fraud Enforcement and Recovery Act of 2009; Would Establish a Financial Crisis Inquiry Commission (Paul Weiss).


May 6, 2009
TALF: An Update (Paul Weiss).

April 30, 2009
OTC Derivatives: The Context and Future of Current Regulatory Initiatives (Richards Kibbe & Orbe).

April 29, 2009
Stimulus Efforts; Programs Designed to Ease Real Estate Credit Markets (Paul Weiss).

April 28, 2009
SEC Proposes Changes to Regulation SHO (Paul Weiss).

April 23, 2009
Treasury, Federal Reserve, & FDIC Credit and Liquidity Programs.

April 13, 2009
Changes Coming to Fund Compensation Structures (Richards Kibbe & Orbe).

April 10, 2009
Treasury Proposes New Resolution Authority for Systemically Significant Financial Companies (Paul Weiss).

April 9, 2009
Governmental Assistance to the Financial Sector: an Overview of the Global Responses (v6) (Shearman & Sterling).

April 8, 2009
SEC Proposes Alternative Short Sale Restrictions (Cleary Gottlieb).

April 6, 2009
Treasury Extends Deadline for PPIP Fund Manager Applications; Releases Additional Guidance on Legacy Securities Portion of PPIPs (Cadwalader, Wickersham & Taft).

April 3, 2009
FAS 157-Determining Whether a Market is Not Active and a Transaction is Not Distressed.

FASB Eases Mark-to-Market Rules.


April 2, 2009
The Public-Private Investment Program For Legacy Loans: Unanswered Questions For Loan Sellers and Investors and Request For Comments by the FDIC (Cadwalader, Wickersham & Taft).

April 1, 2009
Stock Exchanges Ask SEC to Adopt a Modified Uptick Rule (Richards Kibbe & Orbe).

March 30, 2009
Treasury’s Rules of the Road for Regulatory Reform (Davis Polk & Wardwell).

Treasury's Proposed Resolution Authority for Systemically Significant Financial Companies (Davis Polk & Wardwell).


March 27, 2009
LSTA Week in Review.

March 24, 2009
The Manny Ramirez Tax Lightbulb; Also (2 Ideas in 1 Memo) Putting Pay in Perspective (Cadwalader, Wickersham & Taft).

Public-Private Investment Funds Issues for Potential Investors (Paul Weiss).

Executive Bonus Tax Proposals (Baker Hostetler).

March 20, 2009
LSTA Week in Review.

March 16, 2009
SEC Adopts New Rules for Credit Rating Agencies (Paul Weiss).

March 13, 2009
LSTA Week in Review.

March 11, 2009
From SIFMA: TALF Documents.

March 6, 2009
TALF is Launched with Revised Terms (Paul Weiss).

March 4, 2009
Understanding the Term Asset-Backed Securities Loan Facility ("TALF") (Cadwalader, Wickersham & Taft).

March 3, 2009
U.S. Treasury and Federal Reserve Board Announce Launch of Term Asset-Backed Securities Loan Facility (TALF).

February 27, 2009
LSTA Week in Review.

February 25, 2009
How Geithner Can Price Troubled Bank Assets (Wall Street Journal).

February 24, 2009
A Reference Guide to the U.S. Rescue Efforts (Paul Weiss).

February 20, 2009
LSTA Week in Review.

February 19, 2009
TALF (Term Asset-Backed Securities Loan Facility): Issues for Borrowers and Investors (Paul Weiss).

February 13, 2009
LSTA Week in Review.

February 10, 2009
Treasury Announces Obama Administration's Financial Stability Plan (Cleary Gottlieb).

February 9, 2009
More Executive Compensation Restrictions Are Included in the Senate Stimulus Bill Expected to Pass Tomorrow (Davis Polk & Wardwell).

February 6, 2009
New Executive Compensation Restrictions Under the Emergency Economic Stabilization Act of 2008 (Davis Polk & Wardwell).

February 4, 2009
SEC Publishes Final Rules and Proposes Additional Rules for Credit Rating Agencies (Davis Polk & Wardwell).

January 29, 2009
Equity Kickers: Extra Point for Lenders (Richards Kibbe & Orbe).

January 23, 2009
LSTA Week in Review.

January 22, 2009
The Future of Financial Regulation: Meet the New Regulators, Better Than the Old Regulators? (Cadwalader, Wickersham & Taft).

January 16, 2009
LSTA Week in Review.

January 14, 2009
From SIFMA:
Summary of Key Manager’s Amendments to TARP II (Auto, Credit Unions and Tenant Rights not Covered) (Davis Polk & Wardwell).


January 12, 2009
The Struggle Over the Second Half of TARP (Davis Polk & Wardwell).

January 7, 2009
SEC Delivers Report on Mark-to-Market Accounting – Recommends Against Suspension of Fair Value Accounting (Paul Weiss).

December 30, 2008
From LSTA: Treasury Press Release - TARP Investment in GMAC.

December 23, 2008
A Reference Guide to the U.S. Rescue Efforts (Paul Weiss).

December 17, 2008
From LSTA: Lehman Order on Assumed and Rejected Trades Approved.

November 26, 2008
A Reference Guide to the U.S. Rescue Efforts (Paul Weiss).

November 24, 2008
SEC Publishes Roadmap for the Use of IFRS by U.S. Reporting Companies (Paul Weiss).

November 17, 2008
From LSTA: Lehman - Motion to Approve or Reject Open Trades.

November 14, 2008
LSTA Week in Review.

November 7, 2008
From LMA: Lehman Update (Clifford Chance).

November 3, 2008
US Government Capital Injections – Important Changes from the Term Sheet (Davis Polk & Wardwell).

October 31, 2008
From LSTA: Stipulation re: Lehman. Motion re: Lehman. 

From LMA: Lehman Brother Companies in Administration. 

Lehman Brothers Bankruptcy Update (Davis Polk & Wardwell).

October 30, 2008
Davis Polk & Wardwell Corporate Regulatory Report.

October 23, 2008
A Reference Guide to the U.S. Rescue Efforts (Paul Weiss).

October 21, 2008
ISDA CEO Notes Success of Lehman Settlement, Addresses CDS Misperceptions.

October 20, 2008
From LSTA: Open Trades With Lehman Brothers Holdings Inc.

October 17, 2008
LSTA Week in Review.

October 15, 2008
U.S. Announces Capital Purchase Plan and Various Other Initiatives (Paul Weiss).

Lehman Brothers Bankruptcy Update (Davis Polk & Wardwell).


Emergency Economic Stabilization Act of 2008: US Government Capital Injections (Davis Polk & Wardwell).


October 14, 2008
Treasury, Federal Reserve and FDIC Plan.

Treasury Announces Executive Compensation Rules Under the Emergency Economic Stabilization Act.


October 9, 2008
IRS Net Operating Loss Guidance to Banks (Baker Hostetler).

October 8, 2008
IRS Expands Short-Term Financing Exception to Section 956 (Baker & Hostetler).

Lehman Brothers Bankruptcy Filings: Issues for Replacement Swap Counterparties and their Municipal Clients (Cadwalader, Wickersham & Taft).


The Defaulting Lender in Today's Loan Market (Richards Kibbe & Orbe).

October 7, 2008
From LSTA: Lehman Commercial Paper First Day Order.

October 6, 2008
Act No. 125/2008 on the Authority for Treasury Disbursements due to Unusual Financial Market Circumstances etc.

Rescue Plan Becomes Law (Thompson & Knight).


President Signs the Emergency Economic Stabilization Act of 2008 (Paul Weiss).


From LSTA: Lehman Commercial Paper - First Day Motion. Lehman Brothers Update: Assessing Counterparty Credit Risk in the US Secondary Loan Market. 

ISDA Announces Successful Implementation of Fannie Mae, Freddie Mac CDS Protocol.

October 4, 2008
Emergency Economic Stabilization Act of 2008 (Davis Polk & Wardwell).

October 3, 2008
Lehman Brothers Bankruptcy Update (Davis Polk & Wardwell).

Revised Bailout Plan With New Tax Provisions Passes Congress (Baker & Hostetler).


Congress Finalizes Emergency Bailout Legislation (Cleary Gottlieb).


SEC Extends Short Sale Emergency Orders (Davis Polk & Wardwell).


SIFMA Action Alert - URGENT -- CALL CONGRESS NOW -- HOUSE VOTES TODAY.


Lehman Notice Regarding the Ability to Continue to Close Open Loan Trades.


Fannie Mae and Freddie Mac Credit Default Swap Settlement Protocol (Cadwalader, Wickersham & Taft).


FDIC Deposit Insurance Coverage.


October 2, 2008
Lehman Brothers Bankruptcy Update (Davis Polk & Wardwell). 

Senate Approves Emergency Economic Stabilization Act; Attention Turns to the House of Representatives (Paul Weiss).

October 1, 2008
Order Extending Emergency Order.

Lehman Brothers Bankruptcy Update (Davis Polk & Wardwell).


September 30, 2008
From LMA: Special Note: Dealing with Lehman Brothers Companies in Administration (Clifford Chance).

ISDA Launches Fannie Mae and Freddie Mac Protocol.


September 26, 2008
SIPC Trustee Reports on Progress of Lehman Brothers Inc. US Liquidation.

September 24, 2008
Notice Regarding Lehman Brothers, Inc. ("...effective immediately, the GSD has ceased to act for Lehman pursuant to GSD Rule 22.") (FICC ).

September 22, 2008
Lehman Brothers - Materials Relating to Derivative Transactions (Asia) and Lehman Brothers: Hong Kong Legal Issues and Update on Appointments (Allen & Overy).

September 21, 2008
Lehman Court Orders Outline Rights of Counterparties to Safe Harbored Financial Contracts (Cadwalader, Wickersham & Taft).

September 19, 2008
ISDA Publishes First List of Deliverable Obligations for Fannie Mae, Freddie Mac.

September 18, 2008
FAQs on ICMA Rules and Recommendations and the General Master Repurchase Agreement (GMRA) relating to Lehman Brothers situation on ICMA's website https://www.icmagroup.org/market_practice/legal1/faq.html.

From LSTA: Update - Lehman Brothers Situation - United Kingdom and Europe
LMA Sub-Participation Agreements and Grantor Insolvency (Richards Kibbe & Orbe).    Dealings with Lehman Brothers Companies in Administration (LMA and Clifford Chance).

Milbank Tweed Named Counsel to Lehman's Creditors' Committee.

September 17, 2008
Information on Lehman and other Breaking Events (SIFMA).

Lehman Brothers Holdings Inc. Bankruptcy Filing: Issues to Consider (REVISED) (Paul Weiss).


Treasury Announces Supplementary Financing Program.


Lehman Commercial Paper, Inc. Statement in Connection with its Role as Administrative Agent for Certain Credit Agreements (LSTA).


September 16, 2008
From LSTA: Legal Update - Lehman Brothers 
Lehmans Files for Administration; What Happens Now? (Ashurst).  The "Second Risk" that Keeps Loan Participants Up at Night (Richards Kibbe & Orbe).

ISDA Announces Further Step Toward Completion of Fannie Mae and Freddie Mac Protocol.

September 15, 2008
FICC Notices Regarding Lehman.

Lehman Brothers - Secondary Mark-to-Market Pricing (LSTA FAQ).  Lehman (LSTA FAQ).


September 12, 2008
ISDA to Compile List of Fannie Mae, Freddie Mac Deliverable Obligations to Facilitate Smooth Settlement Process.

September 8, 2008
ISDA to Publish Protocol for Fannie and Freddie.