Margin Call, Part Three: Advanced Regulation U Issues
By EsqSocial Corporation 28/03/14
In the last installment on the US margin regulations, we touched on the building blocks of Regulation U, which prohibits a bank or a non-bank lender (who is not a broker-dealer) from extending “purpose credit” that is “secured directly or indirectly”...
By: Latham & Watkins LLP