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Corporate Counsel

FDA’s transparency initiative increasing disclosure

Drug and device industry has some reservations about the agency's proposals.
14 minute read

International Edition

FSA calls for law firm secondees as City shake-up moves forward

The Financial Services Authority (FSA) is aiming to attract more secondees from law firms to assist in its dismantling following last month's announcement that the UK's system of financial regulation is to be overhauled. The secondees will assist the FSA's general counsel division in dividing up the City watchdog to form the separate regulators - the Prudential Regulation Authority (PRA) and the Consumer Protection and Markets Authority (CPMA) - at the heart of the new regulatory framework.
2 minute read

Inside Counsel

Copyright Office Grants Exception to the Digital Millennium Copyright Act

Circumventing copyrighted software on smartphones is now legal.
2 minute read

Inside Counsel

Regulatory: Improper Payments: New Risks for Recipients of Federal Funds

Federal funds recipients must assure compliance with their federal funding agreements.
3 minute read

International Edition

Goldman trader blames in-house lawyers in response to SEC charge

Fabrice Tourre, the Goldman Sachs trader at the heart of a high-profile fraud claim launched against the bank, has blamed its in-house legal team in his defence, writes Corporate Counsel. In a filing on Monday (19 July) in federal court in Manhattan, the self-described 'Fabulous Fab' denied allegations by the Securities and Exchange Commission (SEC) that he made materially misleading statements or omissions in a 2007 deal involving subprime mortgages.
3 minute read

International Edition

Financial regulation: Death, taxes and consultation papers

Major changes to the regulation of the financial services industry are coming from a bewildering array of directions. CC's Simon Crown charts the challenge of working in perennial uncertainty
5 minute read

International Edition

Financial regulation: A little spare change

The creation of a new agency to tackle white-collar crime raises awkward questions about funding, argue Norton Rose's Charles Evans and Dorian Drew
5 minute read

International Edition

Financial regulation: The Fed's master craftsman

The New York Federal Reserve Bank general counsel Thomas Baxter helped engineer the bailouts that kept the bottom from falling out of the economy. Sue Reisinger reports
10 minute read

International Edition

End of FSA is an opportunity to influence global reform

After a period of 'will they, won't they?', the Chancellor finally ended the speculation over the Financial Services Authority's (FSA's) fate in his Mansion House speech. The announcement spelled the end of the tripartite regulation system as well as the FSA, whose responsibilities will be shared out among newly-created bodies after its planned demise in 2012. The new Government has opted for a 'twin peaks' model of regulation, whereby conduct of business and prudential regulation will be supervised by separate bodies.
3 minute read

International Edition

Financial regulation: Hunting the hunter

The FSA is to be broken up as part of a huge shake-up of regulation by the new Government - despite strong misgivings from City professionals. Alex Aldridge charts the watchdog's rise and fall and looks at the new bodies that will replace it
35 minute read

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