Monthly LRA Update

  • REGULATORY DEVELOPMENTS
    • FSOC Proposes Updated Analytic Framework and Guidance on Nonbank Determinations
  • TAX DEVELOPMENTS
    • IRS Revenue Ruling – No Step-up Basis if a Trust’s Assets Are Not Includible in Gross Estate
  • OTHER DEVELOPMENTS
    • US DOL Reaches Settlement with Prudential Regarding Denied Claims
    • First Republic Bank Put into Receivership – JPMorgan Chase to Assume Substantially All Assets