Worldwide: Finance and Banking

The Financial Industry Regulatory Authority (FINRA) has proposed sweeping changes to Rule 2210 that would eliminate the long-standing requirement for principal pre-use approval of retail communications, replacing it with a flexible risk-based supervisory framework. The proposal addresses modern communication challenges including social media, AI-generated content, and influencer marketing while attempting to align broker-dealer standards more closely with SEC investment adviser rules. Member firms would nee

Under SEC-Chairman Paul Atkins, the Securities and Exchange Commission has proposed a new set of rules that would permit electronic delivery as the default method of delivery for all required disclosures under the federal securities laws. [1] If adopted, this would mark a foundational and very welcome shift in how registered investment advisers, investment companies, business development companies, broker-dealers, transfer agents, and other regulated entities may deliver required disclosures to investors, clients, and other market participants.

On July 20, a New York state court denied a motion to dismiss New York Attorney General Letitia James’ lawsuit alleging that the operator of a peer-to-peer payment network violated New York Executive Law § 63(12).

Valuations and fairness opinions have become essential tools in fund finance transactions as deals grow more complex. This analysis explores how these independent third-party assessments help fund sponsors, limited partners, and lenders navigate conflicts of interest, satisfy fiduciary duties, and establish transparent pricing in continuation vehicles, NAV lending, and affiliated asset transfers.

As the fund finance market evolves beyond traditional single-tranche credit facilities, understanding the critical distinctions between lien subordination and payment subordination becomes essential for structuring complex financings.

Private credit has found itself under sustained scrutiny in the first half of 2026. The industry, which grew rapidly after the global financial crisis as an alternative to traditional bank lending...

Under SEC-Chairman Paul Atkins, the Securities and Exchange Commission has proposed a new set of rules that would permit electronic delivery as the default method of delivery for all required disclosures under the federal securities laws. [1] If adopted, this would mark a foundational and very welcome shift in how registered investment advisers, investment companies, business development companies, broker-dealers, transfer agents, and other regulated entities may deliver required disclosures to investors, clients, and other market participants.

As global demand for critical minerals accelerates, the midstream – the processing and refining of raw materials into usable industrial inputs – is increasingly viewed as a strategically important section of the metals value chain and key to industrial sovereignty. However, despite the strong demand narrative, midstream projects in the UK and Europe face significant challenges.

North American renewable energy financing is experiencing unprecedented growth, driven by AI-powered data centers demanding massive electricity capacity and federal tax credit deadlines creating urgency for project completion. With hyperscalers investing hundreds of billions in infrastructure and battery storage emerging as a critical asset class, lenders and investors face both immediate opportunities from deadline-driven deal flow and long-term prospects from sustained grid modernization needs.

On July 13 and July 15, a coalition of 11 states and the District of Columbia, followed by two former FDIC Board members, filed amicus briefs supporting Colorado in the en banc proceedings...

A secured lender's appointment of a receiver over collateral may trigger a borrower's Chapter 11 bankruptcy filing, potentially causing significant delay and expense. Recent bankruptcy court decisions reveal how specific language in receivership orders can mitigate this risk by divesting debtor management of authority to act on the borrower's behalf.

On June 23, Rhode Island Governor Dan McKee signed Senate Bill 3075, establishing capital, liquidity, corporate governance, audit, and risk-management requirements...