News from the economy, politics and the financial markets
In this section of our news section we provide you with editorial content from leading publishers.
Latest news
[Webinar] Feeling the Heat: Renewable Energy Industry Under the Microscope - May 5th, 1:30 pm - 2:00 pm ET
The political environment in D.C. is heating up, putting green banks and other renewable energy companies under increased scrutiny. Both the Trump Administration and the Congressional majority have been advocating to roll back federal spending on sustainable energy initiatives. Green banks that facilitate such grants are feeling the heat, as are manufacturers that made investment decisions based on the availability of certain tax incentives. Congress has already launched investigations into many...By: Womble Bond Dickinson
Wealth Management Update - May 2025
The May 2025 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 5.00%, which is the same as the April 2025 Section 7520 rate......By: Proskauer Rose LLP
May Market Moves, May 2025 - Modifications to the Capital Plan Rule and Stress Capital Buffer Requirement – Notice of Proposed Rulemaking
The Federal Reserve Board has requested comment on a proposal designed to reduce the volatility of the capital requirements stemming from its annual stress tests. The proposal would achieve this primarily by averaging the maximum common equity tier 1 capital declines from the prior two annual supervisory stress tests to inform a firm's stress capital buffer requirement for firms subject to Category I-III standards....By: Cadwalader, Wickersham & Taft LLP
SEC Liberalizes Co-investment Relief for Registered Funds and BDCs
Our Investment Funds Team reviews a development from the Securities and Exchange Commission that paves the way for private funds to launch interval funds and business development companies (BDCs) that operate as co-investment vehicles....By: Alston & Bird
Depository Institution Not Liable in ACH Fraud Case
On March 26, 2025, the U.S. Court of Appeals for the Fourth Circuit issued an important decision addressing a depository institution’s liability for wire transfer losses resulting from a business email compromise scam....By: Woods Rogers
IRS Roundup April 1 – April 17, 2025
The IRS issued Notice 2025-19, inviting the public to submit recommendations for items to include in the IRS’s 2025-2026 Priority Guidance Plan. The IRS uses the Priority Guidance Plan to identify and prioritize the tax issues that should be addressed via regulations, revenue rulings, revenue procedures, notices, and other published administrative guidance. A list of factors the IRS considers when selecting projects for inclusion is outlined in the notice....By: McDermott Will & Emery
HM Treasury Publishes Draft Legislation Establishing Financial Services Regulatory Regime for Cryptoassets in the UK
On 29 April 2025, HM Treasury published near-final draft legislation establishing a financial services regulatory regime for cryptoassets in the UK, along with a policy note explaining the intended policy outcomes of the legislation. The legislation implements many of HM Treasury’s proposals from its October 2023 paper. It marks a significant step in the regulation of cryptoassets in the UK, bringing them within the regulatory perimeter for financial services. Below, we provide an overview of...By: Skadden, Arps, Slate, Meagher & Flom LLP
Fourth Circuit Rejects Rehearing in ACH Fraud Suit Alleging Violations of KYC Rules and NACHA Operating Standards
On April 22, the Fourth Circuit declined to reconsider a panel ruling that found a credit union could not be held liable for a scam in which fraudsters diverted over $560,000 from a metal fabricator through unauthorized ACH transfers. The denial leaves intact a March 2025 decision overturning the district court’s earlier ruling in favor of the plaintiff....By: Sheppard Mullin Richter & Hampton LLP
[Video] Compliance Tip of the Day – Role of Chatbots in Compliance
Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements. Whether you’re a seasoned compliance professional or just starting your journey, we aim to provide bite-sized, actionable tips to help you stay on top of your compliance game. Join us as we explore the latest industry trends, share best practices, and demystify complex compliance issues to keep your...By: Thomas Fox - Compliance Evangelist
Benefits of Operating Through a Bank Charter and Charter Choice Considerations
This is the first in a series of articles in our "So, You Want to Be a Bank?" series. More than 1,000 new banks were formed in the eight years before the Great Recession began in 2008. In comparison, the past 15 years have seen a relative drought of de novo bank formation....By: Goodwin
FSB Chair Letter to G20 Finance Ministers
The Financial Stability Board (FSB) has published a letter, along with a press release and webpage, from its Chair, Klaas Knot, to G20 finance ministers and central bank governors ahead of their meeting on 23-24 April. The letter addresses the progress made in tackling global challenges to financial stability and outlines priorities for the future to prevent instability, enhance the resilience of the global financial system and support growth....By: A&O Shearman
FCA webpage for international wholesale firms looking to undertake business in UK
The UK Financial Conduct Authority (FCA) has published a new webpage for international wholesale firms seeking authorisation to operate in the UK under the Financial Services and Markets Act 2000 (FSMA)....By: A&O Shearman
Real Estate: Market Pulse (April 2025)
Seyfarth’s real estate team provides a bird's-eye view of the current state of commercial real estate throughout the country—highlighting which markets and major asset types are active, slowing down, or experiencing shifts....By: Seyfarth Shaw LLP
Infrastructure investing in 2025: Takeaways from Infralogic’s Investors Forum
What’s ahead for the infrastructure market? Ropes & Gray lawyers gained insights from attending the Infralogic Investors Forum in New York, held on April 25. We heard from experts in the global infrastructure and energy transition investment community discuss a broad set of topics, including the current state of play and the future of U.S. infrastructure investment......By: Ropes & Gray LLP
Duty-Free: The New UK Single Tax on Securities
The replacement of the UK’s paper-based stamp duty (SD), and its electronic cousin stamp duty reserve tax (SDRT), with a unified and modernised single tax on securities transactions re-emerged this week as a Government priority with significant new impetus. This development will be of interest to a broad range of investors into or via the UK – as well as their advisors – and currently promises to bring tangible benefits in the UK corporate transaction context....By: Ropes & Gray LLP
GAO agrees to investigate attempted CFPB firings, other recent bureau actions
The Government Accountability Office has agreed to investigate recent CFPB moves to fire more than 1,400 employees and the impact it and other agency actions have had on the bureau’s ability to operate....By: Ballard Spahr LLP
Will Hardships go up in 2025? Time will tell
A rising number of plan participants are making early 401(k) hardship withdrawals. A report by Vanguard found that 4.8% of participants initiated a hardship withdrawal in 2024, which us up from 3.6% in 2023....By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.
Digital Identity Verification Best Practices for Canadian Financial Services
Many financial services businesses are subject to legal or regulatory obligations that require them to verify the identity of their customers. Although innovative technological tools, including those using artificial intelligence and biometrics, are simplifying the identity verification process, these tools must be used in a way that complies with privacy and financial sector laws....By: Blake, Cassels & Graydon LLP
4 Key Takeaways | Market Based Sourcing and Discretionary Adjustments
On April 24th, Kilpatrick tax partner Jeff Reed presented during a New York City Bar SALT Committee meeting. Jeff discussed the recent Jefferies Group LLC & Subsidiaries New York Tax Appeals Tribunal decision....By: Kilpatrick
UK Capital Markets: London Stock Exchange launches market discussion on the future of AIM
On 7 April 2025, the London Stock Exchange (LSE) published a discussion paper ‘Shaping the Future of AIM’ (Discussion Paper) inviting feedback on proposals to develop the overall AIM market framework and update the AIM Rules for Companies (AIM Rules) to ensure the UK’s most prominent growth market remains fit for purpose. We take a look at the LSE’s key points for discussion....By: Hogan Lovells
Showing 41 to 60 of 4375 entries
