House Financial Services Committee Considers Legislative LIBOR Fix - Finance and Banking mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
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Rep. Gregory Meeks | Bebeto Matthews/AP Photo
TAKING IT FROM THE TOP U.S. companies are under intense pressure to diversify their executive ranks. Shareholders this year have filed a record number of demands for racial equity audits and more transparency around hiring and promotions.
In its 2020 annual report, the Structured Finance Association ("SFA") reviewed its government affairs record in 2020 and highlighted the LIBOR transition as a continuing priority for 2021.
The Internal Revenue Service (IRS) issued
Revenue Procedure 2021-12 on January 14, extending the safe harbors in Revenue Procedures
2020-34 to September 30, 2021. This LawFlash discusses the portion of Revenue Procedure 2021-12 relating to Revenue Procedure 2020-26. The safe harbors were previously set to expire and would not apply to forbearances and related modifications entered into after December 31, 2020. As the coronavirus (COVID-19) emergency persists, the extension in Revenue Procedure 2021-12 provides welcome relief to the securitization industry, which faced uncertainties over the tax consequences that such an expiration could have on securitization vehicles such as real estate mortgage investment conduits (REMICs) and investment trusts.
POLITICO
Why Yellen’s Wall Street windfall is getting a pass
The former Fed chair s past comments help explain why many Democrats are confident she won’t be beholden to financial interests.
Treasury Secretary-nominee Janet Yellen s financial disclosures show that she earned a total of $7 million in fees over the past two years. | Charles Krupa/AP Photo
Updated:
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Treasury Secretary-nominee Janet Yellen’s revelation that she received more than $5 million in speaking fees from financial firms raised concern
among some progressives that she’s too cozy with Wall Street.
But a review of her public remarks suggests the opposite: She wants to crack down on key areas of finance instead.