Financial Regulatory Developments Focus - Issue 1/10/2018

FINANCIAL INSTITUTIONS ADVISORY & FINANCIAL REGULATORY GROUP NEWSLETTER JANUARY 10, 2018 ISSUE 1/2018 Financial Regulatory Developments Focus In this week’s newsletter, we provide a snapshot of the principal U.S., European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and corporates. Click here if you wish to access our Financial Regulatory Developments website.

Filed under:
European Union, United Kingdom, USA, New York, Banking, Capital Markets, Company & Commercial, Derivatives, Insolvency & Restructuring, IT & Data Protection, Securitization & Structured Finance, White Collar Crime, A&O Shearman, Federal Reserve Board, US Securities and Exchange Commission, Financial Conduct Authority (UK), European Commission, European Banking Authority, Federal Deposit Insurance Corporation (USA), Financial Stability Oversight Council, New York State Department of Financial Services, MiFID
Location:
European Union, United Kingdom, USA
Firm:
A&O Shearman
Non-consolidation and True Sale Issues for Insurance Company Sponsors — Part Two

Our two-part article on non-con and true sale issues in insurance contexts continues with a deeper dive into the considerations that distinguish these issues from similar remoteness principles in a Bankruptcy Code context. In Part One, we explained some of the basics of state insurance law that bear on these issues and how these can give rise to different approaches in opinion-giving; in this Part Two, we identify some practical obstacles that arise in these kinds of contexts and opinions.

A Pennsylvania Hypothetical

Filed under:
USA, New York, Insolvency & Restructuring, Insurance, Litigation, Kramer Levin Naftalis & Frankel LLP, New York State Insurance Department, New York State Department of Financial Services, New York Court of Appeals
Authors:
Daniel A. Rabinowitz
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP