Alert January 04, 2005

Financial Services Alert

  • DOL Proposes Amendment to Prohibited Transaction Exemption Concerning Interest-Free Loans
  • FRB Permits Bank-Controlled Foreign Investment Trust to Invest in U.S. Real Estate
  • No-Action Relief Granted for Mutual Fund Advisory Fee Waivers Triggered by Composite Fund Group Performance in Excess of Target Return
  • FDIC Issues Study on Identity Theft
  • FRB Governor Discusses Enterprise Risk Management
  • E&Y Enters Consent Order with OTS under which E&Y Agrees to Implement Certain Controls and Policies in Conducting Audits of Thrifts