August 21, 2007

Financial Services Alert - August 21, 2007

  • FinCEN Issues Patriot Act Rule Mandating Enhanced Due Diligence for Certain Correspondent Bank Accounts
  • GAO Issues Report on Issues Relating to Firms that Advise Institutional Investors on Proxy Voting
  • FRB Determines Non-Control in Private Equity Arrangements
  • Federal Banking Agencies Propose Illustrations for Subprime ARMs
  • ICI Publishes White Paper on Role of Chief Risk Officers
  • SEC Finalizes Amended Rules on Short Sale Delivery Requirements under Regulation SHO
  • NASD Amends Rule 3013 and Interpretive Material 3013 to Permit Members to Designate Co-Chief Executive Officers and Multiple Chief Compliance Officers