Wednesday, September 23, 2020 and Thursday, September 24, 2020
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The firm is proud to sponsor the SIFMA Compliance & Legal Virtual Forum, a two-day September event featuring industry leaders’ perspectives on the current regulatory and enforcement environments, lessons learned thus far, and much more.
Marlon Paz will speak on a…
Monday, September 21, 2020
Register here.
This year’s virtual PLI program will cover accounting, disclosure and reporting relief related to COVID-19 for mid-sized and small reporting companies. Further discussions throughout the webinar include the standard-setting agenda of the FASB, updates on rulemaking, interpretive guidance, frequent comments, and enforcement actions emanating from the SEC.
Mayer…
Issuers with outstanding fixed-to-floating or floating rate preferred securities or depositary shares representing an interest in underlying preferred securities will soon need to consider how to address operative LIBOR-based provisions in advance of the cessation of LIBOR. The governing documents for many outstanding depositary shares and preferred securities that reference LIBOR do not envision a…
Is 100% consent of the holders required to change the interest rate of an outstanding LIBOR floating rate note? Many practitioners would say yes, but we examine another approach in our article “Consent Solicitations: Challenging Orthodoxies”, published in this month’s REVERSEinquiries newsletter.
This market trends article examines recent trends regarding medium-term note programs (MTN programs), providing an overview of the market in 2019 and 2020 with a focus on general deal structure and process, recent deal terms, and disclosure trends. Financial service companies, such as bank holding companies, continued to use medium-term note programs as their vehicles…
On June 18, 2020, the Office of Compliance, Inspections and Examinations of the US Securities and Exchange Commission announced in a risk alert that it will conduct examinations of SEC-registered investment advisers, broker-dealers and investment companies, among others, to assess their preparedness for LIBOR’s expected discontinuation.
Read our Legal Update.
Yesterday, May 27, 2020, the US Alternative Reference Rates Committee (ARRC) published updated best practices guidance, including a summary factsheet, complete best practices guidance and a graphical timeline. While the updates cover more market participants and include some additional details for certain interim milestones (including various end dates for specified products by which LIBOR usage…
March 26, 2020
1:00 – 2:00 PM ET
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During this session, we will discuss the learnings from SEC comments relating to the implementation of the revenue recognition and lease accounting standards. We also will discuss trends relating to critical audit matters, or CAMs. Looking ahead, we will discuss the CECL…
On March 6, 2020, the Alternative Reference Rates Committee (ARRC) released its “Proposed Legislative Solution to Minimize Legal Uncertainty and Adverse Economic Impact Associated with LIBOR Transition.” This Legal Update summarizes the proposed legislation and discusses why, though well-intentioned, it may not be sufficient to meet the ARRC’s objective.
Read our full legal update here
FINRA’s 2020 Risk Monitoring and Examination Priorities Letter identifies a number of areas of focus for the examination program in the coming year. Here we highlight particular areas of focus for capital markets practitioners:
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