Financial Markets Resources Center

Dechert Responds to Current Issues Affecting the Global Financial Markets

The recent financial crisis and the historic reshaping of global financial markets has posed unprecedented challenges to the financial services and structured finance industries.

The Dechert Financial Markets Resources Center provides the latest client alerts and related articles from our practices to help you stay informed of developments in areas including:

National regulators’ responses to developments in the financial markets
Proposed sweeping legislative changes for financial regulatory reform
Enhanced international cooperation among regulators
Changes to financial accounting standards affecting the financial markets
Developments in risk management
Global opportunities for asset management firms
Litigation developments

Dechert OnPoints

March 31, 2010
Supreme Court Upholds Gartenberg Standard for Claims Alleging Excessive Advisory Fees

March 15, 2010
Recent Short Selling Developments

March 15, 2010
Amendments to the Regulatory Structure Governing Money Market Funds

March 10, 2010
Recent Changes to FBAR Reporting Obligations

March 8, 2010
DOL/Treasury Request for Information on Lifetime Income Products

February 22, 2010
Spain Issues Compromise Draft Proposal for a European Directive on Alternative Investment Fund Managers

February 16, 2010
Proposed SEC Rule Would Significantly Affect Direct Market Access

February 11, 2010
U.S. Regulator Adopts Amendments to Custody Advisers Rule

February 3, 2010
Reminder: Annual US Reporting and Compliance Obligations

February 2, 2010
CFTC Seeks Comments on Proposed Rules to Set Position Limits in Energy Markets and Change Exemption Available to Swap Dealers

October 28, 2009
Structured Settlement Securitization: A Growing Opportunity

October 7, 2009
Life Settlement Securitizations Under Scrutiny

September 24, 2009
Internal Revenue Service Issues New REMIC Rules Regarding Mortgage Loan Modifications

September 16, 2009
Game-Changing New Treasury Regulations Relax Mortgage Loan Modification Rules

August 31, 2009
Purchasing Assets of Failed Financial Institutions from the FDIC

July 28, 2009
SEC Proposes Amended Rules for Money Market Funds

July 23, 2009
Financial Accounting Standards Board Amends FAS 140 and
FIN 46R

July 19, 2009
Public-Private Investment Program (PPIP) – July Update

July 8, 2009
SEC Proposes Significant Additional Burdens on Registered Advisers Who Have Custody of Client Assets

July 7, 2009
President’s Plan for Comprehensive Financial Regulatory Reform and the Effect on Private Funds, Structured Finance, and Money Market Funds

June 29, 2009
New York Attorney General Places Spotlight on Finders,
Placement Agents, and “Pay-to-Play” Practices

May 21, 2009
The Federal Reserve Bank of New York Expands TALF to Include Legacy CMBS

May 19, 2009
Eighth Circuit Fees Decision Accepts Gartenberg Standard But Enhances Process Focus, While Seventh Circuit Rejects Gartenberg Standard in Favor of Fiduciary Standards of Trust Law

May 4, 2009
The Federal Reserve Bank of New York Expands TALF to Include New Issuances of CMBS

April 5, 2009
ISDA Auction Hardwiring: ISDA Streamlines CDS Settlement Auction Process

March 30, 2009
FASB Proposes Guidance on Fair Valuation Accounting Standards

March 27, 2009
An Analysis of the Department of Treasury’s Public-Private Investment Program

March 9, 2009
Financial Services UK and International Update

March 6, 2009
Term Asset-Backed Securities Loan Facility (TALF)

February 26, 2009
Homeowner Affordability and Stability Plan and Bankruptcy Cram-Down Legislation

February 20, 2009
Proposed TARP Legislation Addresses REMIC Loan Modifications/Dispositions and New Home Mortgage Loan Relief Program

February 10, 2009
Regulatory Changes: The President’s Picks Speak

February 6, 2009
Proposed Hedge Fund Legislation Would Cover More Than Just Hedge Funds

February 5, 2009
Recent Developments Affecting Money Market Funds

Frequently Asked Questions

Frequently Asked Questions About Recent SEC Orders Relating to Short Sales

Presentation and Articles

PowerPoint overview of the treatment of derivative transactions in bankruptcy, including swaps and repurchase agreements

“Forbearance Agreements: Courts consider the enforceability of pre-petition waiver of the automatic stay when real estate loans face default” - New York Law Journal, September 8, 2008

“The Rise and U.S. Invasion of Sovereign Wealth Funds: A Growing Source of Concern” - The Review of Securities & Commodities Regulation, July 16, 2008

Quarterly Reports

March 2010
Financial Services Group Quarterly Report - First Quarter Issue

December 2009
Financial Services Group Quarterly Report – Fourth Quarter Issue