Regulators to Focus On Shadow Banking

By | White Collar Crime Watch | November 21, 2014
Regulators to Focus On Shadow Banking

Ahead of the 2014 G20 summit in Brisbane, Mark Carney, Governor of the Bank of England and Chairman of the Financial Stability Board (the “FSB”), the watchdog entrusted with safeguarding against future financial crises, revealed that institutions falling within the unregulated scope of the “shadow banking” sector will face increased scrutiny from financial regulators over the coming year because of the risks they pose to financial stability.

DOJ Wields Financial Institutions Reform, Recovery, and Enforcement Act Against Financial Institutions

By | Subject to Inquiry | November 21, 2014
DOJ Wields Financial Institutions Reform, Recovery, and Enforcement Act Against Financial Institutions

In 2012 and 2013, the Department of Justice brought a slew of actions against several financial institutions under a rarely used and little-known statute from the late 1980s for conduct related to the mortgage crisis. Outcomes in these cases in recent months show the statute’s potency and likely indicate that the government will continue to use this statute in the future.

Taking a Look at Operation Choke Point

By | Florida Banking Law Blog | November 21, 2014