Premier Banking Law News and Insights

In 2017, U.S. federal banking regulators adopted regulations requiring that certain financial institutions provide that their qualified financial contracts (QFCs) are subject to limitations on a counterparty's ability to exercise certain default rights. Beginning in 2019, the U.S. QFC Stay Rules (the Rules) now require that certain major financial institutions (U.S....

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The Federal Reserve Board ("FRB") approved the capital plans for all 18 of the largest U.S. banking firms under its yearly Comprehensive Capital Analysis and Review ("CCAR"). CCAR is an assessment of the capital adequacy and capital planning of large bank holding companies. The FRB did not object to any of the...

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On June 18, 2019, a group of major ship finance banks announced the launch of the "Poseidon Principles," a framework for global responsible shipping finance. These principles (Principles) follow the adoption by the International Maritime Organization (IMO), a United Nations organization, earlier this year of a goal to reduce the total GHG emissions attributable...

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