Special CCH Briefing Details Key Provisions of Senate-Passed Financial Reform

(RIVERWOODS, ILL., May 21, 2010) – CCH has issued an extensive Special Briefing on the Senate-passed financial reform bill: Restoring American Financial Stability Act detailing the key provisions affecting securities and banking regulation. To read the Briefing, click here. CCH is part of Wolters Kluwer Law & Business, a leading provider of research information and software solutions in key specialty areas for legal and business professionals (business.cch.com).

Regarded as the most significant financial and securities reform since the 1930s, the Senate version must now be reconciled with the House’s Wall Street Reform and Consumer Protection Act of 2009, which passed in December. The Briefing examines each aspect of the legislation, touching on an array of issues ranging from over-the-counter derivatives to consumer protection, and compares the Senate and House provisions.

“This legislation marks a sweeping overhaul of the regulation of U.S. financial services and markets,” said CCH Principal Securities Analyst Jim Hamilton, JD. “It provides for the regulation of hedge funds and OTC derivatives, as well as a new resolution authority to unwind failing financial firms. The legislation contains significant corporate governance reforms, including a shareholder advisory vote on executive compensation. It is intended to end taxpayer bailouts of financial institutions and securities firms by creating a way to liquidate failed firms without taxpayer money and includes hundreds of other provisions that will change the regulatory landscape.”

Hamilton is a prolific blogger on current issues in the securities field. Jim Hamilton’s World of Securities Regulation can be found at http://jimhamiltonblog.blogspot.com/. He has written and spoken extensively on federal securities law and has been cited as an authority by a federal court.

For More Information

Members of the press interested in speaking with CCH securities and banking law experts should contact Leslie Bonacum at 1-847-267-7153, mediahelp@cch.com; or Neil Allen at 1-847-267-2179, neil.allen@wolterskluwer.com.

For a copy of the CCH Briefing on the Restoring American Financial Stability Act, visit the CCH Financial Reform News Center at financialcrisisupdate.com.

Also on this site, CCH also offers a wealth of other special resources related to financial reform. The Center provides the legal community and others with a cohesive and robust selection of breaking news stories, analysis and links to the full text of source documents for regulatory actions and serves as a central entry point for CCH banking and securities law resources related to financial reform.

About Wolters Kluwer Law and Business

Wolters Kluwer Law & Business is a leading provider of research products and software solutions in key specialty areas for legal and business professionals, as well as casebooks and study aids for law students. Its major product lines include Aspen PublishersCCHKluwer Law International and Loislaw. Its markets include health care organizations, law firms, law schools, corporate counsel and professionals requiring legal and compliance information. Wolters Kluwer Law & Business, a unit of Wolters Kluwer, is based in New York City and Riverwoods, Ill. Wolters Kluwer is a market-leading global information services company.

 

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Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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