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Second Circuit Adopts "Transfer-by-Transfer" Approach to Bankruptcy Code's Safe Harbor for Securities Contracts Payments

JD Supra: Mergers

The scope of the Bankruptcy Code's "safe harbor" shielding certain securities, commodity, or forward-contract payments from avoidance as fraudulent transfers has long been a magnet for controversy, particularly after the U.S. Supreme Court suggested (but did not hold) in Merit Mgmt. FTI Consulting, Inc.,

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BlackRock and Citadel Securities back new Texas-based challenger exchange

The TRADE

BlackRock and Citadel Securities have moved to support a new Texas-based contender exchange headquartered in Dallas. The new exchange is now setting out plans to file for registration with the US Securities and Exchanges Commission (SEC). Citadel Securities had not responded to a request for comment at the time of publishing.

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Why Financial Institutions Should Invest in Payment Gateway Software Development

Global Banking & Finance

As the world becomes increasingly digital, the rise of cashless transactions is reshaping the financial industry. With more consumers and businesses relying on digital payments, the need for secure and efficient payment gateways is at an all-time high.

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Driving Security Resilience the Webinar

Cisco: M&A

When there is a security breach it makes headlines. When it happens to a financial institution besides the financial impact the damage to the brand can be devasting. For example the average total… Read more on Cisco Blogs

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Fraudulent Transfers: 7th Cir Holds Section 546(e) Safe Harbor Applies to Private Deals

Deal Lawyers

Section 546(e) of the Bankruptcy Code provides a safe harbor from constructive fraudulent transfer claims for transfers that are settlement payments or payments related to a securities contract, when those transfers are “made by or to (or for the benefit of) … financial institutions.”

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Building a Secure Future: The DevSecOps Toolkit for Banking and Financial Institutions

Global Banking & Finance

Building a Secure Future: The DevSecOps Toolkit for Banking and Financial Institutions By Naveen Pakalapati 05 February 2024 Introduction In the fast-evolving digital landscape of banking and financial institutions, securing software development processes is paramount.

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Fraud Against Financial Institutions Calls for Tighter Security Measures Protecting Customers in 2024

Global Banking & Finance

Fraud Against Financial Institutions Calls for Tighter Security Measures Protecting Customers in 2024 In January 2024, Citigroup was sued for its weak security measures against fraud.