In an effort to improve market efficiency and to speed settlement, the Loan Syndications and Trading Association (the “LSTA”) is proposing amendments to its trading documents in order to address concerns that market participants are increasingly failing to make timely
FinTalk
FinTalk, published by Crowell & Moring LLP, focuses on legal developments and regulatory issues in financial services and related sectors. The blog covers topics such as management service organizations (MSOs) in law firms, third-party litigation funding and its regulatory frameworks in the US and UK, transparency and disclosure requirements for limited liability companies, and regulatory actions by financial authorities including FinCEN. It also addresses emerging areas like crypto-asset disputes and fintech regulatory challenges. The content includes analysis of legislative changes, compliance obligations, and enforcement actions affecting financial institutions, law firms, and investors.
Latest from FinTalk - Page 3
Saks Global Enterprises Bankruptcy: What Creditors Need to Know Now
According to reports, Saks Global Enterprises, a leader in luxury retail, is preparing to file for Chapter 11 bankruptcy protection imminently. Saks houses such iconic brands as Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus. Despite a recent recapitalization, the…
Crowell’s Paul Pollock Quoted in Pensions & Investments Article on Private Equity
Paul Pollock was recently quoted in a Pensions & Investments article that covers the outlook for private equity firms in 2026 across deals, exits, and fundraising.
The article reads:
Even as deal activity improved in 2025, with nearly $900 billion…
FinCEN Announces Enforcement Initiative for MSBs Along the Southwest Border
Yesterday, FinCEN announced an ongoing enforcement initiative against more than 100 money services businesses (“MSBs”) operating along the Southwest U.S. border. FinCEN says that it reviewed over one million currency transaction reports (“CTRs”) and 87,000 suspicious activity reports (“SARs”) using…
Crowell’s Paul Haskel Quoted in American Lawyer Article on Law Firm Finance
Paul Haskel was recently quoted in an American Lawyer article that explores trends and new approaches in law firm finance. The article discusses various methods of funding utilized by law firms, including debt finance from traditional financial institutions and, more…
Paul Haskel and Paul Pollock Publish Article on MSOs in Bloomberg Law
The use of management service organizations (MSOs) in the law firm space is a new and expanding trend. While uncertainties whether MSOs comply with legal ethical rules remain, with only one decision from the Texas Commission on Professional Ethics touching…
UK Government Intends Third-Party Funding Regulatory Streamlining
New York LLC Transparency Act: Key Requirements and Deadlines
On January 1, 2026, the New York LLC Transparency Act is scheduled to take effect, introducing new disclosure requirements for limited liability companies in New York State.
The legislation will have significant implications for all LLCs formed or registered to…
Crowell & Moring Ranked a Leader for Crypto-Asset Disputes by Chambers FinTech
Crowell has been ranked a leading firm by Chambers FinTech in the USA Nationwide Crypto-Asset Disputes category. Crowell’s Anand Sithian has been named a notable practitioner in this area.
According to Chambers, Crowell’s FinTech practice has “strong corporate, financial services…
Treasury Continues Focus on Cartels: Understanding FinCEN’s Latest Action Restricting Transactions with Certain Mexico-Based Gambling Establishments
On November 13, 2025, the U.S. Department of the Treasury’s (“Treasury’s”) Financial Crimes Enforcement Network (“FinCEN”) issued a finding (“Finding”) and related notice of proposed rulemaking (“Proposed Rule”) pursuant to Section 311 of the USA PATRIOT Act (“Section 311”), targeting…