Small business need-to-know and news-to-watch.
Excerpt … We’ve seen time and again that U.S. overseas branches, overseas affiliates guaranteed by a U.S. entity, and overseas affiliates acting as conduits for U.S. entities bring risk crashing back onto U.S. shores. We’ve seen time and again the financial industry structure around commonsense rules meant to promote transparency or protect the public.
With so much riding on the outcome of financial reform for the American public, we as regulators must guard against today’s well-meaning “clarifications” developing into tomorrow’s loopholes.
Read full article … via Cross-Border Application of Dodd-Frank Swaps Market Reforms — The Harvard Law School Forum on Corporate Governance and Financial Regulation.
