Publication | September 15, 2015
The Basel Committee of the Bank for International Settlements recently issued “Guidelines for identifying and dealing with weak banks,” which discusses the supervisory tools that should be available to banking supervisors to help them identify and deal with weakness at banking organizations, including the ultimate weapon of closure and resolution. This column will compare the general supervisory tools U.S. bank regulators have to identify and address weakness at U.S. banking offices of non-U.S. banks (branches and agencies) to the guidelines.
Read the full article: International guidelines on addressing bank weakness
Publication
The US Supreme Court has ruled that a “pure omission” under Item 303 of Securities and Exchange Commission Regulation S–K cannot give rise to a private action for securities fraud under Section 10(b) and Rule 10b-5(b) of the Securities Exchange Act of 1934.
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