Flashcards in CPE study notes Deck (3)
23A - requires collateral for all credit related covered transactions.
Limits covered transactions between affiliates and Bank
23B - ensures transactions between Bank and affiliates are at arms length and at fair value. ie. asset sale, tax sharing
Reg W. There are 4 couples. Three have over 25% ownership with combined last names (couple). One member sells shares to another. Figure out who has to notify the Fed for change.
It is the woman selling out and reducing her ownership below 25%