(Published December 8, 2016) Just three years after CRD IV and CRR were finalized, the EU’s banking sector now faces a revised Capital Requirements Directive and Capital Requirements Regulation, CRD V and CRR II. In a 500+ page package these revisions to CRD IV and CRR are likely to stretch significant regulatory change into the next decade.
(Published December 9, 2016) In March of this past year, there was an interesting court case that was decided by the South Carolina Court of Appeals with regard to insurance policy cancellation/nonrenewal law in that state. The case, Bank of New York Mellon Trust Company v. Grier, 785 S.E. 2d 208, was decided on March 2, 2016. The Court affirmed the circuit court’s opinion and held that, in a case where there were two overlapping laws that governed nonrenewal notice requirements for a homeowner’s policy, because one law was more specific than the other, only one law controlled the notice requirements.