Bill Myers
The ‘paramount duty is going to be to maximise value’, Debevoise & Plimpton’s Erica Weisgerber says.
The standard-setting body has approved guidelines that give it and state regulators the ability to override automatic risk-based capital calculations for insurance company investors in debt markets.
Protections weakened, LPs shoulder the burden; exempt managers not ‘out of the woods’.
Bill Myers digs into the ‘back door’ for regulators after the striking down of the SEC’s private funds rule by a US Court of Appeals.
Court hands big victory to private funds. Rifts in LP community may have aided the downfall of the regulatory package.
‘Because it’s private, there’s a false assumption that the opacity of the market indicates risk,’ AIC’s Goshorn Jurata says at Private Funds CFO’s compliance forum.
‘It can be a driver of potential fees,’ Dan Faigus tells packed room at Private Funds CFO event.
'Healthcare markets are a key site' in battle to reshape American society, top trustbuster says.
Attorney Eugene Scalia says rules will cost industry $5.4bn per year if left standing.
Regulators overstepped, six trade groups claim in new complaint filed in Fifth Circuit.