Banking Report Index-Summary

JAPAN

– BOJ-NET payment and settlement system, bank to introduce new system in 2013, 93:150
– Double taxation, Switzerland to begin talks on bilateral agreement, 92:713; private bankers list minimum conditions for acceptable deals, 92:1453
– Economic policy, government and Bank of Japan considering resumption of bad loan, stock, and commercial paper purchases, 92:93
– Economic stabilization, financial services agency announces measures to restore banking system health, 92:643; Bank of Japan to provide subordinated loans to commercial banks, 92:712
– Jusen subsidiaries, country still affected by crisis from nonperforming mortgage loans after 13 years, 93:404
– Liquidity, BoJ begins considering ending purchase of commercial paper and corporate bonds as part of unwinding financial rescue plan, 93:701
– Monetary policy, BOJ to continue emergency strategy as part of cooperative effort with U.S. and EU, 93:151
– Money laundering, financial authorities penalize Citibank for opening alleged accounts for organized crime, 93:32
– Systemic risk, new FSA commissioner to take “forward-looking” approach to regulation, 93:150

JERSEY

– Tax havens, IMF finds in compliance with global standards of financial sector regulation, 93:752

JURISDICTION

– Arbitration, Discover Financial Servs. cardholder agreement, §4 of Federal Arbitration Act directs courts to focus on underlying dispute using well-pleaded complaint rule (U.S., rvs and rem), 92:579
– Intellectual property, check fraud detection patent, claim against several Federal Reserve banks and contractor must be heard in different venue (Fed. Cir.), 93:647
– Money laundering, AremisSoft ill-gotten proceeds, judge denies request to apply U.S. rules to Lloyds TSB Bank due to lack of jurisdiction (S.D.N.Y.), 93:291

JUSTICE DEPARTMENT (DOJ)

– Varney unveils senior leadership team for antitrust division, 92:1011