The Obama administration sent Congress draft legislation Wednesday that would put the Federal Reserve in charge of regulating the largest financial firms . The proposed legislation would create an eight-member Financial Services Oversight Council to pinpoint risks in financial markets and would establish a National Bank Supervisor and Resolution Authority. It would also create within [...]

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The European Commission (EC) on Thursday announced new rules including a number of specific criteria that European banks seeking government assistance must meet. Under the new guidelines, banks are required to show they will become viable without further state support, banks and their owners are required to pay a share of the restructuring costs, and [...]

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The appeals chamber of the International Criminal Tribunal for the former Yugoslavia (ICTY) on Thursday reversed the contempt conviction of Astrit Haraqija and affirmed the conviction of Bajrush Morina for interfering with a witness during the trial of former Kosovo Albanian military leader Ramush Haradinaj . The two prominent Kosovar Albanians were found guilty of [...]

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The Government of Sudan v. The Sudan People's Liberation Movement/Army, Permanent Court of Arbitration, July 22, 2009 . Reported in JURIST's Paper Chase here. Latest commentary available here. JURIST has more on Sudan.

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