Tag Archives: Statement

PRA updates Solvency II remuneration policy statement for category 1 and 2 firms

All UK Solvency II firms must comply with Article 275 of the Solvency II Delegated Regulation (EU) 2015/35 in respect of their remuneration policies. The Prudential Regulation Authority (PRA) asks UK Solvency II firms to complete a Remuneration Policy Statement … Continue reading

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EPA Releases Interpretive Statement on whether CWA NPDES Permit Program Applies to Releases of a Pollutant from a Point Source to Groundwater

By James V. Aidala and Susan M. Kirsch On April 23, 2019, the U.S. Environmental Protection Agency (EPA) announced it was making available its Interpretive Statement addressing whether the Clean Water Act’s (CWA) National Pollutant Discharge Elimination System (NPDES) permit … Continue reading

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Statement: Justice Department Defends Mueller Report Redaction Process

On Thursday, Justice Department Spokesperson Kerri Kupec released a statement, included in full below, regarding Attorney General Bill Barr's letter concerning the Mueller report. The statement followed reporting from the New York Times, Washington Post and NBC News that members of Mueller's team have voiced concerns … Continue reading

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Supreme Court: Even One Who Did Not “Make” a False Statement May Still be Subject to Scheme Liability

In its 2011 decision in the Janus Group case, the U.S. Supreme Court held that one who does not “make” a false statement cannot be held liable under section (b) of Rule 10b-5. In an enforcement action brought against him … Continue reading

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PRA Policy Statement on credit risk mitigation

On 13 March 2019, the PRA published Policy Statement 8/19: Credit risk mitigation: Eligibility of guarantees as unfunded credit protection (PS8/19). PS8/19 is relevant to all firms bound by the Capital Requirements Regulation (CRR). In PS8/19 the PRA provides feedback … Continue reading

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