Securities issued to investors as part of a foreign banking regulator’s efforts to stabilize an at-risk lender could be exempt from US law under a proposal floated by SEC Chairman Paul Atkins, as the agency issued a specific carve-out for the Bank of England and its “bail-in” powers adopted after the 2008 financial crisis.Read More
SEC Mulls Rule Exempting Foreign Bank Rescue Moves From US Law
By Ben Miller
