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News release: “The President’s Working Group on Financial Markets made a statement Tuesday on a series of comprehensive actions to strengthen public confidence in our financial institutions and restore functioning of our credit markets.” Statement by Secretary Henry M. Paulson, Jr. on Actions to Protect the U.S. Economy Joint Statement by Treasury, Federal Reserve and …
Securities and Exchange Commission Division of Enforcement, Enforcement Manual, Office of Chief Counsel, October 6, 2008: “The Enforcement Manual (Manual) is an electronic document designed to be a reference for the staff in the U.S. Securities and Exchange Commissions (SEC) Division of Enforcement (Division or Enforcement) in the investigation of potential violations of the federal …
FASB Issues FASB Staff Position No. 157-3, Determining the Fair Value of a Financial Asset When the Market for That Asset Is Not Active, October 10, 2008 Related postings on financial system
News release: “The FDIC Board of Directors today adopted an interim final rule, effective immediately, to simplify the deposit insurance rules for accounts held at FDIC-insured institutions by mortgage servicers…Under the interim rule [effective October 10, 2008], coverage will be provided to the lenders/investors, as a collective group, based on the cumulative amount of the …
Securities and Exchange Commission, Office of Inspector General – SECs Oversight of Bear Stearns and Related Entities: Broker-Dealer Risk Assessment Program, September 25, 2008, Report No. 446-B SEC’s Division of Trading and Markets (TM)…”is not fulfilling its obligations in accordance with the underlying purpose of the Broker-Dealer Risk Assessment program in several respects. First, TM …
New York Times: “The Treasury Department, in its boldest move yet, is expected to announce a plan Tuesday to invest up to $250 billion in large and small banks, according to officials. The United States is also expected to guarantee new debt issued by banks for a period of three years, officials said. And the …
News release: “The U.S. Treasury Department today announced that EnnisKnupp and Associates will serve as its investment adviser for the implementation of the Troubled Asset Relief Program authorized under the Emergency Economic Stabilization Act. Treasury hired the Chicago-based firm Saturday and the firm began work immediately to help the Department administer the complex portfolio of …
Interim Assistant Secretary for Financial Stability Neel Kashkari Remarks before the Institute of International Bankers, October 13, 2008 “On Friday October 3, Congress passed and President Bush signed into law the bipartisan Emergency Economic Stabilization Act of 2008. The law gives the Treasury Secretary broad and flexible authority to purchase and insure mortgage assets, and …
DHS National Infrastructure Advisory Council – Resources for the October 14, 2008 Meeting: Draft Business Meeting Agenda (PDF, 2 pages) NIAC Frameworks for Dealing with Disasters and Related Interdependencies Working Group Slides (PDF, 12 pages): “This study focuses on the United States ability to respond to and recover from a major disaster that could result …
News release: “In order to provide broad access to liquidity and funding to financial institutions, the Bank of England (BoE), the European Central Bank (ECB), the Federal Reserve, the Bank of Japan, and the Swiss National Bank (SNB) are jointly announcing further measures to improve liquidity in short-term U.S. dollar funding markets. The BoE, ECB, …
Executive Order: Further Amendments to Executive Orders 12139 and 12949 in Light of the Foreign Intelligence Surveillance Act of 1978 Amendments Act of 2008, October 7, 2008
News release, September 29, 2008: “Europe could take the lead in the next generation of the Internet. The European Commission today outlined the main steps that Europe has to take to respond to the next wave of the Information Revolution that will intensify in the coming years due to trends such as social networking, the …
