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    Republicans circulate substitute summary of Financial Regulatory Reform Bill; cloture motion on Senate bill fails for third time
    2010-04-28

    Yesterday, Senate Republicans circulated a brief summary of the Financial Regulatory Improvement and Taxpayer Protection Act, a Republican substitute to the Restoring American Financial Stability Act of 2010 (S.3217) previously

    Filed under:
    USA, Banking, Capital Markets, Derivatives, Insolvency & Restructuring, Insurance, Alston & Bird LLP, Bankruptcy, Consumer protection, Swap (finance), Liquidation, Default (finance), Federal Deposit Insurance Corporation (USA), US Congress, US Department of the Treasury, US Senate, Federal Reserve (USA), US Republican Party, US Senate Committee on Banking, Housing and Urban Affairs, US Senate Committee on Agriculture, Nutrition and Forestry, US Democratic Party, US Secretary of the Treasury, United States bankruptcy court
    Authors:
    Darren Cooper
    Location:
    USA
    Firm:
    Alston & Bird LLP
    U.S. Senate bill creates new regime for orderly liquidation of financial companies that present systemic risk
    2010-06-01

    The comprehensive financial reform bill recently passed by the Senate1 creates a new “orderly liquidation authority” (“OLA”) that would allow the Federal Deposit Insurance Corporation (“FDIC”) to seize control of a financial company2 whose imminent collapse is determined to threaten the financial system as a whole.

    Filed under:
    USA, Banking, Capital Markets, Insolvency & Restructuring, Insurance, Cadwalader Wickersham & Taft LLP, Debtor, Federal Reserve Board, Liquidation, Holding company, Depository institution, Bank holding company, Systemic risk, Federal Deposit Insurance Corporation (USA), US Senate Committee on Banking, Housing and Urban Affairs, Securities Investor Protection Corporation, Credit rating agency, Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), US Secretary of the Treasury
    Authors:
    Mark C. Ellenberg
    Location:
    USA
    Firm:
    Cadwalader Wickersham & Taft LLP
    Big Three U.S. automakers submit restructuring plans to Congress
    2008-12-03

    Yesterday, the Big Three U.S. auto chief executives submitted restructuring plans to the Senate Banking Committee and the House Financial Services Committee, in response to House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid’s November 21st request calling on the auto executives to “submit a credible restructuring plan that results in a viable industry, with quality jobs, and economic opportunity for the 21st century while protecting taxpayer investments” by December 2nd.

    Filed under:
    USA, Insolvency & Restructuring, Alston & Bird LLP, Bond market, Credit (finance), Sustainability, Dividends, Economy, Troubled Asset Relief Program, Federal Deposit Insurance Corporation (USA), Ford Motor Company, US House Committee on Financial Services, United Automobile Workers, General Motors, US Senate Committee on Banking, Housing and Urban Affairs, Chief executive officer
    Location:
    USA
    Firm:
    Alston & Bird LLP
    Senate and House committees hold more hearings on current condition of US auto industry
    2008-12-06

    This week, the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services held a second round of hearings, as a follow-up to the hearings held

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Credit default swap, Bridge loan, US Congress, Ford Motor Company, Government Accountability Office, US House Committee on Financial Services, United Automobile Workers, US Senate Committee on Banking, Housing and Urban Affairs, Columbia University, Chrysler, Chief executive officer
    Location:
    USA
    Firm:
    Alston & Bird LLP
    Special bankruptcy court considered for financial firms
    2010-01-19

    The Senate Banking Committee is considering the establishment of a special bankruptcy court for financial firms as part of its regulatory reform measures. Bankruptcy.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Litigation, Winston & Strawn LLP, Bankruptcy, US Senate Committee on Banking, Housing and Urban Affairs, United States bankruptcy court
    Location:
    USA
    Firm:
    Winston & Strawn LLP
    U.S. Senate bill creates new regime for orderly liquidation of financial companies that present systemic risk
    2010-06-01

    The comprehensive financial reform bill recently passed by the Senate1 creates a new “orderly liquidation authority” (“OLA”) that would allow the Federal Deposit Insurance Corporation (“FDIC”) to seize control of a financial company2 whose imminent collapse is determined to threaten the financial system as a whole.

    Filed under:
    USA, Banking, Capital Markets, Insolvency & Restructuring, Insurance, Cadwalader Wickersham & Taft LLP, Debtor, Federal Reserve Board, Liquidation, Holding company, Depository institution, Bank holding company, Systemic risk, Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Federal Deposit Insurance Corporation (USA), US Senate Committee on Banking, Housing and Urban Affairs, Securities Investor Protection Corporation, Credit rating agency, US Secretary of the Treasury
    Authors:
    Mark C. Ellenberg , Leslie W. Chervokas
    Location:
    USA
    Firm:
    Cadwalader Wickersham & Taft LLP
    Republicans circulate substitute summary of Financial Regulatory Reform Bill; cloture motion on Senate bill fails for third time
    2010-04-28

    Yesterday, Senate Republicans circulated a brief summary of the Financial Regulatory Improvement and Taxpayer Protection Act, a Republican substitute to the Restoring American Financial Stability Act of 2010 (S.3217) previously

    Filed under:
    USA, Banking, Capital Markets, Derivatives, Insolvency & Restructuring, Insurance, Alston & Bird LLP, Bankruptcy, Consumer protection, Swap (finance), Liquidation, Default (finance), Federal Deposit Insurance Corporation (USA), US Congress, US Department of the Treasury, US Senate, Federal Reserve System, US Republican Party, US Senate Committee on Banking, Housing and Urban Affairs, US Democratic Party, United States bankruptcy court, US Secretary of the Treasury
    Authors:
    Darren Cooper
    Location:
    USA
    Firm:
    Alston & Bird LLP
    Senate and House committees hold more hearings on current condition of US auto industry
    2008-12-06

    This week, the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services held a second round of hearings, as a follow-up to the hearings held

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Credit default swap, Bridge loan, US Congress, Ford Motor Company, Government Accountability Office, US House Committee on Financial Services, United Automobile Workers, US Senate Committee on Banking, Housing and Urban Affairs, Chrysler, Chief executive officer
    Location:
    USA
    Firm:
    Alston & Bird LLP
    Big Three U.S. automakers submit restructuring plans to Congress
    2008-12-03

    Yesterday, the Big Three U.S. auto chief executives submitted restructuring plans to the Senate Banking Committee and the House Financial Services Committee, in response to House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid’s November 21st request calling on the auto executives to “submit a credible restructuring plan that results in a viable industry, with quality jobs, and economic opportunity for the 21st century while protecting taxpayer investments” by December 2nd.

    Filed under:
    USA, Insolvency & Restructuring, Alston & Bird LLP, Bond market, Credit (finance), Sustainability, Dividends, Economy, Troubled Asset Relief Program, Federal Deposit Insurance Corporation (USA), Ford Motor Company, US House Committee on Financial Services, United Automobile Workers, General Motors, US Senate Committee on Banking, Housing and Urban Affairs, Chief executive officer
    Location:
    USA
    Firm:
    Alston & Bird LLP
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