New book provides step-by-step guidance to the current legal framework
NEW YORK, March 23, 2012 /PRNewswire-USNewswire/ -- Practising Law Institute (PLI) has released the new Financial Institutions Answer Book 2012—Law, Governance, Compliance. This new Q&A guide provides a comprehensive understanding of the current legal framework regulating banks and other financial institutions integrating the many Dodd-Frank Act provisions. It is a source of fast, concise answers for in-house lawyers, outside counsel, as well as financial institution managers, officers, and directors.
Edited by Stuart G. Stein, Richard Schaberg, Elizabeth A. Khalil, and Laura R. Biddle of Hogan Lovells LLP, Financial Institutions Answer Book 2012 employs their extensive experience in the areas of financial services and financial institutions to provide step-by-step guidance from the basics of establishing a banking company, including structures and powers, to the sale and acquisition of control.
The time-saving Q&A guide describes the requirements under each type of charter for the major areas of financial institution activity, such as:
- Deposit activity
- Deposit insurance
- Capital requirements
- Privacy and data security
Financial Institutions Answer Book 2012 also provides a comprehensive overview on creating and maintaining the chosen entity, including answering such questions as:
- What are the different minimal corporate governance requirements for federal and state chartered banks, credit unions and non-insured financial institutions?
- How have the requirements for director independence changed in recent years?
- What restrictions affect financial institution executive compensation, as well as insider and affiliate transactions?
- When is a bank deemed to have had a "change in control"?
Reflecting the increased federal concern with fraud, money-laundering and protecting the federal taxpayer from bank defaults, individual chapters are devoted to describing in detail the federal enforcement agencies and their powers, anti-money laundering and other fraud issues, the required examinations and audit process, as well as recent regulatory approaches to problem banks and failure.
The single volume Financial Institutions Answer Book 2012—Law, Governance, Compliance is $235 and is available for a 30-day free examination.
SOURCE Practising Law Institute