Avoiding or Embracing Benefit Plan Investors – That Is the Question The looming ERISA and Internal Revenue Code fiduciary definition is prompting fund managers to consider whether or not to accept any benefit plan investment due to the potential for penalties and personal liability.
NYDFS Releases Revised Cybersecurity Regulations After receiving considerable pushback from industry groups, New York’s financial market regulator made several changes to its proposed cybersecurity requirements, which could establish best practices across the U.S.
EU Requirements for Contractual Bail-In Clauses The EU’s Bank Resolution and Recovery Directive established tools to assist regulators in a resolution proceeding to deal with financial institutions in distress.
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