BLT: December 2010



Business & Corporate

The Wild East: Managing Compliance Risk in China

The author draws attention to the cultural, governmental and legal challenges that await lawyers who are acting to protect a client’s investment in China. Given the risks, it is important to have a well-thought-out compliance and risk management strategy that combines a client's economic objectives and compliance imperatives with a hardheaded view of on-the-ground China realities. The author outlines the components of such a strategy.

Business & Corporate

The Birth of a New Financial Services Regulator

The author summarizes the enabling provision of the Dodd-Frank Act that created the new Bureau of Consumer Financial Protection (BCFP), a division of the Federal Reserve Board (FRB) that effectively will be an independent agency overseeing all aspects of consumer protection with respect to financial products and services. In addition, the author reviews the purpose behind the BCFP, its funding and supervision, and its enforcement authority.