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Federal Banking Agencies Propose Extension of Certain Capital Rule Transitions

24 August 2017

In preparation for a forthcoming proposal that would simplify regulatory capital requirements, federal banking regulators on Tuesday proposed a rule that would extend the existing transitional capital treatment for certain regulatory capital deductions and risk weights. The extension would apply to banking organizations that are not subject to the agencies’ advanced approaches capital rules.
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Abu Dhabi Global Market (ADGM) Announces Establishment Of The ADGM Arbitration Centre/World Leading Arbitral Institution

17 August 2017

The ADGM is pleased to announce the establishment of an arbitration hearing centre on Al Maryah Island by early 2018. This significant milestone augments the recent development and agreement with world-leading arbitral institution, the International Court of Arbitration of the International Chamber of Commerce (ICC Court), to launch its Middle East representative office in the ADGM.

Canadian firms don’t do basics to minimize data breach risk

08 August 2017

Few Canadian organizations are prepared to handle data breaches, says a Canadian lawyer who focuses on cyber security and data protection law. “Many Canadian organizations haven’t done some of the basic things that regulatory guidance and best practices suggest to minimize risk of a data breach,” Bradley Freedman, Vancouver-based partner at the Borden Ladner Gervais law firm said in an interview Sunday.
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Reviews of Shared National Credit Portfolio

02 August 2017

Reviews of Shared National Credit Portfolio Find Risk Remains High Underwriting and Risk Management Practices Continue to Improve
Risk in the portfolio of large syndicated bank loans declined slightly but remains elevated, according to the Shared National Credit (SNC) Program Review released today by the Federal Reserve Board (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
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The future of LIBOR

31 July 2017

LIBOR, or more precisely the London Interbank Offered Rate, has been given many column inches over the past ten years. Before the financial crisis, most people hadn’t heard of LIBOR, even though it is a key part of the functioning of financial markets. It grew up so to speak with the eurocurrency markets, and like a number of things that came to be a focus of attention in the financial crisis, before then it was largely taken for granted, part of the financial landscape.
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