Cross-border resolutions: FDIC and Bank of England release white paper
On 10 December 2012, the Federal Deposit Insurance Corporation and the Bank of England released a white paper, ‘Resolving Globally Active, Systemically Important, Financial Institutions’, describing how each would resolve a materially distressed or failing financial institution that is globally active and systemically important in order to maintain its ongoing and viable operations, and contain any threats to financial stability.
Click on the link above to download this Morrison & Foerster briefing.
Briefings from Morrison & Foerster
California’s first carbon allowance auction on 14 November 2012 featured plenty of demand but a lower-than-expected closing price, based on results released on Monday by the California Air Resources Board.
The FTC announced a potentially groundbreaking settlement with the social networking app Path and released an important new staff report on Mobile Privacy Disclosures late last week.