OFAC & State Department Announce New Russia Sanctions, Targeting Military-Industrial Complex
Volkov Law 09/25/2023
The United States is determined to ensure that no one profits off of Russia’s war against Ukraine. To that end, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has widened the scope…
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UK Banking Sector Reforms Pushed Back Six Months
Pymnts 09/25/2023
As the Financial Times (FT) reported Sunday (Sept. 24), the Bank of England’s (BOE) new rules are part of a larger effort to protect the banking industry against the type of risk-taking that led to the 2007-2008 financial crisis…
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4 Takeaways For Benefits Attys After Judge Clears ESG Rule
Law360 09/22/2023
By Kellie Mejdrich (September 22, 2023, 9:03 PM EDT) — A Texas federal judge’s decision finding the U. S. Department of Labor’s socially conscious investing rule didn’t violate federal law represents a significant legal victory for…
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US Basel endgame hits clearing with op risk capital charges
Risk.net 09/25/2023
US swap dealers are warning that the Basel III endgame proposals will disincentivise the provision of clearing, with operational risk capital charges a particular culprit. Other rules could also place their non-cleared derivatives business…
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2023 Corporate Governance developments
Harvard 09/25/2023
Many boards are seeking a general understanding of AI, how their companies and peers are using it, and potential risks and concerns arising from the use of AI, including any cybersecurity, privacy and other liability issues…
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