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OCC Names New Members To Mutual Savings Association Advisory Committee

Published: Jun 07, 2019
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The Office of the Comptroller of the Currency ("OCC") named four new members to the Mutual Savings Association Advisory Committee. The Committee is responsible for, among other things, evaluating the condition of mutual savings associations and advising on regulatory changes made by the OCC. The new members include: Ana Babiasz, President and...

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Trade Associations Ask Prudential Regulators To Drop Inter-Affiliate IM Requirements

Published: May 30, 2019
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Several trade associations asked U.S. prudential (bank) regulators to eliminate the requirement that swap dealers collect initial margin from their affiliates. In a joint letter, the trade associations requested that the prudential regulators exempt transactions between affiliates ("inter-affiliate swaps") from swaps initial margin ("IM") requirements. The trade associations noted that the CFTC, as well as...

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Syndicate Loan Agreement And Relevant Clauses

Published: May 24, 2019
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Almost every day, we witness the birth of several new innovative projects, worth billions of dollars of investment. Many often ponder the origins of such investment. Banks play a crucial role in lending these funds to clients, ranging from corporations to large projects, and even governments. However, there are cases...

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