Financial Services.

Mondaq Business BriefingNbr. 2002, June 2002

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Summary


Multiple rules, warnings, advisories issued to financial institutions

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Financial Services.

Financial Services Alert

Developments of Note

Federal Banking Agencies Finalize Rule Reducing Risk Weight for Claims on Securities Firms

The federal banking agencies finalized a rule (the "Rule") that reduces from 100% to 20% the risk weighting of certain claims on, and claims guaranteed by, securities firms. For a claim to qualify for this reduced risk weight, the claim first must be made on an SEC registered broker-dealer or similarly regulat...

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