November 2024 - cypherpunks - lists.cpunks.org

House Dems Tell Gorsuch To Recuse Over NEPA Case Conflict
by Gunnar Larson 22 Nov '24

22 Nov '24

House Dems Tell Gorsuch To Recuse Over NEPA Case Conflict <https://www.law360.com/legalethics/articles/2262944?nl_pk=153d4a8a-6fb9-4a5…> By Katie Buehler A group of House Democrats has called for U.S. Supreme Court Justice Neil Gorsuch to recuse himself from a dispute over federal environmental review requirements, arguing the court's decision could directly benefit a Colorado billionaire and former client who campaigned for the justice's first judicial appointment. Letter attached | Read full article » <https://www.law360.com/legalethics/articles/2262944?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/2262944?nl_pk=153d4a8a-6fb9-4a5…>

1 0

Dentons Atty Owed No Duty In $54M Currency Deal, Jury Says
by Gunnar Larson 22 Nov '24

22 Nov '24

Dentons Atty Owed No Duty In $54M Currency Deal, Jury Says <https://www.law360.com/legalethics/articles/2263688?nl_pk=153d4a8a-6fb9-4a5…> By David Minsky A Florida state court jury found Thursday that a former Dentons US LLP attorney didn't intentionally make a false statement or commit malpractice in a failed $54 million dollars-to-bolivares currency swap in which a Venezuelan lawyer lost millions of dollars. Read full article » <https://www.law360.com/legalethics/articles/2263688?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/2263688?nl_pk=153d4a8a-6fb9-4a5…>

1 0

When Investigating An Adversary, Be Wary Of Forged Records
by Gunnar Larson 22 Nov '24

22 Nov '24

When Investigating An Adversary, Be Wary Of Forged Records <https://www.law360.co.uk/financial-services-uk/articles/2262447?nl_pk=a94fc…> Warnings against the use of investigators who tout their ability to find an adversary’s private documents generally emphasize the risk of illegal activity and attorney discipline, but a string of recent cases shows an additional danger — investigators might be fabricating records altogether, says Brian Asher at Asher Research. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2262447?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2262447?nl_pk=a94fc…>

1 0

EU Watchdogs Set Rules On Sharing Staff Fitness Reports
by Gunnar Larson 22 Nov '24

22 Nov '24

EU Watchdogs Set Rules On Sharing Staff Fitness Reports <https://www.law360.co.uk/financial-services-uk/articles/2263839?nl_pk=a94fc…> By Alex Davidson European Union regulators have set out guidelines for their new information exchange system to help national regulators assess the suitability of senior managers for key roles in financial services. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2263839?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2263839?nl_pk=a94fc…>

1 0

Dashboard Project Updates Pension Scheme Reporting Rules
by Gunnar Larson 22 Nov '24

22 Nov '24

Dashboard Project Updates Pension Scheme Reporting Rules <https://www.law360.co.uk/financial-services-uk/articles/2263843?nl_pk=a94fc…> By Joel Poultney Pension providers and schemes will face less onerous reporting requirements during the initial connection phase to the long-awaited dashboards project under changes announced by the program's coordinator Thursday. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2263843?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2263843?nl_pk=a94fc…>

1 0

UK Sanctions Angola's Dos Santos, Others For Looting Nations
by Gunnar Larson 22 Nov '24

22 Nov '24

UK Sanctions Angola's Dos Santos, Others For Looting Nations <https://www.law360.co.uk/financial-services-uk/articles/2263856?nl_pk=a94fc…> By Christopher Crosby The British government hit three kleptocrats, including Africa's richest women, and their associates with sanctions and travel bans on Thursday, saying that they siphoned millions of pounds from their countries and concealed their illegal assets in the U.K. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2263856?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2263856?nl_pk=a94fc…>

1 0

UAE Bank Loses Suit Accusing Family Of Evading £19M Debt
by Gunnar Larson 22 Nov '24

22 Nov '24

UAE Bank Loses Suit Accusing Family Of Evading £19M Debt <https://www.law360.co.uk/financial-services-uk/articles/2263851?nl_pk=a94fc…> By Lucia Osborne-Crowley A UAE bank has lost its claim against a businessman's family over an alleged £19 million ($24 million) debt, after a London judge ruled Thursday that the lender failed to prove that the businessman had intentionally moved assets to keep them out of the hands of his creditors. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2263851?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2263851?nl_pk=a94fc…>

1 0

BREAKING: Trump Taps Ex-Fla. AG Pam Bondi As New AG Pick
by Gunnar Larson 22 Nov '24

22 Nov '24

BREAKING: Trump Taps Ex-Fla. AG Pam Bondi As New AG Pick <https://www.law360.com/banking/articles/2264365?nl_pk=feb6bbba-7878-4d39-be…> By Lauren Berg President-elect Donald Trump announced Thursday that he has selected Pam Bondi, a former attorney general of Florida, as his new pick for U.S. attorney general, just hours after former U.S. Rep. Matt Gaetz withdrew his name from consideration amid allegations of sexual misconduct and drug use. Read full article » <https://www.law360.com/banking/articles/2264365?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/2264365?nl_pk=feb6bbba-7878-4d39-be…>

1 0

Fwd: FDIC Proposed Rule on Brokered Deposits is Unwarranted
by Gunnar Larson 22 Nov '24

22 Nov '24

Average daily balance seems to be the stick here. God only knows how a broker could spin up Windows for these type of things. Gunnar ---------- Forwarded message --------- From: Barbara Hagenbaugh <bhagenbaugh(a)fsforum.com> Date: Thu, Nov 21, 2024, 4:59 PM Subject: FDIC Proposed Rule on Brokered Deposits is Unwarranted To: Gunnar Larson <G(a)xny.io> Proposed changes to brokered deposit regulations would create unnecessary costs to the economy. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ <https://financialservicesforum.cmail19.com/t/r-l-tduihttd-njyjukhihy-r/> *FDIC Proposed Rule on Brokered Deposits is Unwarranted* *Proposed changes to brokered deposit regulations would unnecessarily reverse recently established policy, disrupt stable, long-term deposit relationships, and harm the economy* *Washington, D.C. –* A proposed rule from the Federal Deposit Insurance Corporation (FDIC) to amend its regulations related to brokered deposits would lead to higher costs for consumers and businesses across the economy, the Financial Services Forum said Thursday. Brokered deposits are funds collected by a broker from multiple customers and deposited into a bank. As financial institutions navigate market challenges, brokered deposits play a vital role in diversifying funding sources and enhancing overall stability. In 2020, the FDIC significantly modernized its brokered deposits regulations following a multi-year comment period. If adopted, the proposed rule would reverse recently established policy without adequate reasoning or justification, potentially destabilizing the brokered deposit marketplace and creating unnecessary costs to the economy. In a letter to the FDIC, the Forum stated that reversing existing rules would disrupt long-established arrangements. The proposed rule would impose significant costs to the banking sector, including the U.S. Global Systemically Important Banks, which are subject to the most stringent prudential requirements. That would ultimately result in higher costs for consumers and businesses and act as a drag on the economy as a whole. “This rapid reversal of existing regulatory practices would impede the practice of safe and sound banking by reducing consistency and transparency surrounding the FDIC’s expectations,” Forum President and CEO Kevin Fromer said. “The FDIC should not engage in such a broad rulemaking that would unnecessarily destabilize its own recently settled approach without first understanding the potential costs and benefits of the Proposal.” The Forum’s full letter can be found here <https://financialservicesforum.cmail19.com/t/r-l-tduihttd-njyjukhihy-y/>. The Forum also joined a letter on the topic with The Bank Policy Institute, American Bankers Association, U.S. Chamber of Commerce, Financial Technology Association, Independent Community Bankers of America, and Securities Industry and Financial Markets Association. The full letter can be found here <https://financialservicesforum.cmail19.com/t/r-l-tduihttd-njyjukhihy-j/>. ### *The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and most diversified financial institutions headquartered in the United States. Forum member institutions are a leading source of lending and investment in the United States and serve millions of consumers, businesses, investors, and communities throughout the country. The Forum promotes policies that support savings and investment, financial inclusion, deep and liquid capital markets, a competitive global marketplace, and a sound financial system.* *Visit our website: **fsforum.com* <https://financialservicesforum.cmail19.com/t/r-l-tduihttd-njyjukhihy-t/> *Follow us on Twitter **@fsforum* <https://financialservicesforum.cmail19.com/t/r-l-tduihttd-njyjukhihy-i/>* and **LinkedIn* <https://financialservicesforum.cmail19.com/t/r-l-tduihttd-njyjukhihy-d/> [image: Twitter] <https://financialservicesforum.cmail19.com/t/r-l-tduihttd-njyjukhihy-h/>[image: LinkedIn] <https://financialservicesforum.cmail19.com/t/r-l-tduihttd-njyjukhihy-k/>[image: Website] <https://financialservicesforum.cmail19.com/t/r-l-tduihttd-njyjukhihy-u/>[image: Instagram] <https://financialservicesforum.cmail19.com/t/r-l-tduihttd-njyjukhihy-o/>[image: Threads] <https://financialservicesforum.cmail19.com/t/r-l-tduihttd-njyjukhihy-b/>[image: YouTube] <https://financialservicesforum.cmail19.com/t/r-l-tduihttd-njyjukhihy-n/> <https://financialservicesforum.cmail19.com/t/r-l-tduihttd-njyjukhihy-p/> The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and most diversified financial institutions headquartered in the United States. The Forum promotes policies that support savings and investment, financial inclusion, deep and liquid capital markets, a competitive global marketplace, and a sound financial system. Unsubscribe <https://financialservicesforum.cmail19.com/t/r-u-tduihttd-njyjukhihy-m/>

1 0

BREAKING: SEC Chair Gary Gensler To Step Down
by Gunnar Larson 22 Nov '24

22 Nov '24

BREAKING: SEC Chair Gary Gensler To Step Down <https://www.law360.com/banking/articles/2264197?nl_pk=feb6bbba-7878-4d39-be…> By Jessica Corso U.S. Securities and Exchange Commission Chair Gary Gensler said Thursday that he will be leaving the agency on Jan. 20, clearing the way for new leadership under an incoming Trump administration that is expected to dismantle Gensler's climate disclosure regulation and open the SEC's door to more crypto-friendly policies. Read full article » <https://www.law360.com/banking/articles/2264197?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/2264197?nl_pk=feb6bbba-7878-4d39-be…>

1 0