Bank Law Monitor
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Monday Morning Quarterbacking
Back to the Future
As I prepare for a presentation at the WIB Annual Directors Conference, it strikes me that it has been seven years since the financial meltdown. While our economy has improved, it still has not completely recovered and the Fed and...
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The SEC’s New Pay Ratio Rule
The Securities and Exchange Commission (SEC) recently adopted a new executive compensation disclosure requirement which will require comparison of the compensation of a company’s CEO to that of a “median employee” of the company.
The pay ratio rule...
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Trust Law Modernization in Washington State
In 2015, two new laws relating to trust administration in Washington State have gone into effect that will make the state a more attractive jurisdiction in which to establish and administer trusts.
These new trust laws were the product of the Enterpr...
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Coping with the CAMELS
Introduction
In connection with a presentation I was asked to make by the Federal Home Loan Bank to some of its member banks, I crafted this article on “Coping with the CAMELS.” As you know, this is an acronym for the six ratings in commercial bank e...
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States Are Amending Their Data Breach Laws. Why Should Banks Care?
Data security and data breach notifications are—or should be—on everyone’s mind these days. Banks are certainly no exception. And banks, in general, are setting good examples for other businesses because banks’ data security systems and incident-resp...
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Updates and Additions to Washington's Limited Liability Company Act
The Washington State Legislature has adopted a major overhaul of Washington’s current Limited Liability Company Act (the “Act”). The updated Act is the result of a multi-year effort by the Washington State Bar Association to make the Act more modern,...
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