Basel III's Liquidity Coverage Ratio
Basel III's Liquidity Coverage Ratio ("LCR") was created to promote short term liquidity resilience for banks over a hypothetical 30 day severe stress scenario. The following podcast with Pepper attorneys Tim McTaggart and Ahmad Hajj focuses on the current Basel III LCR proposal, provides an analysis of the Basel III regulatory weightings for certain products that are anticipated to leave a bank in the LCR's severe stress scenario as well as the specifics of what types of assets qualify as sufficient liquid assets to cover for the flight of such products. The podcast also provides insight into issues U.S. banking regulators may consider in drafting rules for the LCR and the potential impact of the LCR on financial institutions and their funding mechanisms.
Email podcasts@pepperlaw.com to subscribe to Pepper Hamilton’s Financial Services Alerts and Updates.
(Running Time: 26:31)
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Basel III's Net Stable Funding Ratio
Basel III's Net Stable Funding Ratio ("NSFR") was created to promote resilience of a financial institution over a one year period and encourage banks to fund their activities with stable sources of funding. The following podcast with Pepper attorneys Tim McTaggart and Ahmad Hajj focuses on the current Basel III NSFR proposal, provides an analysis of Basel III's available stable funding requirement and the types of products that fit within this requirement as well as a discussion of the types of products that within the required stable funding requirement of the NSFR and the appropriate discounts the Basel III Committee applies to such products. The podcast also provides insight into issues U.S. banking regulators may consider in drafting rules for the NSFR and the potential impact of the NSFR on financial institutions and their funding mechanisms.
Email podcasts@pepperlaw.com to subscribe to Pepper Hamilton’s Financial Services Alerts and Updates.
(Running Time: 33:21)
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In Good Times and Bad, Companies Must Guard Against Embezzlement
Imagine that a trusted employee has embezzled money from you, or worse, the employee is still stealing from you unchecked. The results of thefts like this can be dire for any company, and unfortunately, even a company’s own auditors usually can’t discover the damage before it’s too late.
In this podcast, Pepper partners Frank Devine, Frank Mayer and Joe Crawford discuss a recent matter in which Pepper was able to recover more than $5.2 million dollars of embezzled funds for our client, within seven months of the discovery of the theft. They also provide tips for companies to help prevent embezzlement in the first place.
If you would like to read more about litigation matters, email podcasts@pepperlaw.com to request the latest edition of Pepper Hamilton’s Corporate Litigation Update.
(Running Time: 15:10)
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Housing Update Live - Federal New Issue Bond Program
Recently Pepper Hamilton partner Shel Schreiberg hosted another Housing Update conference in our Washington D.C. office. Our special guest was Harry Sewell, Executive Director of the D.C. Housing Finance Agency. The principal discussion of the session was about the Federal New Issue Bond Program, but the session covered a range of topics including the District's administration of the American Recovery and Reinvestment Act funds and its experience with Exchange Funds.
Listeners can email podcasts@pepperlaw.com to subscribe to Pepper’s Housing Update newsletter.
(Running Time: 51:20)
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Current Investor Focus and Capital Trends in Banking Sector - Investing in Financial Institutions
Recently Pepper hosted an event entitled “Investing in Financial Institutions – Opportunities and Pitfalls.” This event examined the key legislative and regulatory issues involved in investing in financial institutions and how the rules change when the target institution is a failed bank.
This podcast features the presentation of Lee Calfo and Chad Hull. Chad is a managing director for Boenning & Scattergood, Inc. and Lee is a portfolio manager for 1914 Advisors, a division of Boenning & Scattergood. Their presentation discussed the current investment focus and capital trends in the banking sector.
Download a copy of his presentation.
(Running Time: 42:21)
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Regulatory Issues - Investing in Financial Institutions
Recently Pepper hosted an event entitled “Investing in Financial Institutions – Opportunities and Pitfalls.” This event examined the key legislative and regulatory issues involved in investing in financial institutions and how the rules change when the target institution is a failed bank.
This podcast features the presentation of Frank Mayer and Tim McTaggart. Frank is a partner in the Philadelphia office of Pepper who focuses his practice on counseling regulated business enterprises including tax-exempt organizations, with a special emphasis on financial institutions. Tim is a partner in the Washington, D.C. office of Pepper who focuses his practice on bank and financial services regulatory matters. Their presentation focused on the regulatory issues involved in investing in financial institutions.
Download a copy of his presentation.
(Running Time: 23:56)
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Hot Legislative Issues - Investing in Financial Institutions
Recently Pepper hosted an event entitled “Investing in Financial Institutions – Opportunities and Pitfalls.” This event examined the key legislative and regulatory issues involved in investing in financial institutions and how the rules change when the target institution is a failed bank.
This podcast features the presentation of Tim McTaggart. Tim is a partner in the Washington, D.C. office of Pepper who focuses his practice on bank and financial services regulatory matters. His presentation focused on the hot legislative issues in the banking industry.
Download a copy of his presentation.
(Running Time: 21:22)
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Rethinking Accepting TARP Capital Purchase Program Funds
On January 12, 2009, in an effort to hold state nonmember banking institutions more accountable for their participation in the Troubled Assets Relief Program (TARP) Capital Purchase Program (CPP), the Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter (FIL-1-2009) recommending that its supervised institutions implement a process to monitor and document the use of their CPP funds.
In this podcast with Pepper partner Dan Murray and Pepper associate Bill Quirk, they discuss the rationale for this new monitoring and disclosure and why some banks and financial institutions are rethinking accepting TARP CPP funds.
(Running Time: 8:24)
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What to Expect at Multifamily-HUD in a New Administration
Recently, Pepper Hamilton hosted another Housing Update conference featuring a discussion entitled “What to Expect at Multifamily-HUD in a New Administration.” This was an extension of our last Housing Update on this timely topic.
Our panelists were Conrad Egan, President of the National Housing Conference; Michael Bodaken, President of the National Housing Trust, and Pepper partner Shel Schreiberg. They discussed past transitions and changes that can likely be implemented legislatively or administratively. Each panelist has been active in HUD Multifamily programs for over 30 years. You can subscribe to receive the Housing Update newsletter, published by Pepper Hamilton by emailing podcasts@pepperlaw.com.
(Running Time: 1:16:02)
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Winding Down or Terminating Cross-border Lease Transactions
The current credit crisis may have created an opportunity for equity investors to wind down or terminate the cross-border lease transactions that were entered into over the last 20 years. The IRS is currently scrutinizing these transactions, particularly the Lease In Lease Out’s, Sale In Lease Out’s and the Qualified Technological Equipment’s.
Joe Voyticky, of counsel with Pepper in the Financial Services Practice Group and a resident in our quickly expanding New York office, explains this issue and what equity investors should be doing today.
If you are interested in learning more about this topic, you can contact Joe by emailing voytickyj@pepperlaw.com.
(Running Time: 7:42)
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