Financial Markets in Recovery:
Tax and Regulatory Policy • Planning • Compliance

In the aftermath of the 2008 financial meltdown, central bankers, Treasury regulators, and institutional leaders joined together to restore market liquidity and confidence …

Drawing on a broad range of internationally recognized experts, this authoritative reference traces the thinking and decisions behind key provisions of the U.S. Government’s response to the global financial crisis.  It identifies ways in which the recovery strengthened procedures and portfolios, created incentives and credits, and implement important regulatory reforms designed to restore stability and transparency to financial products and transactions.

America’s leading lawyers and professors specializing in banking and financial products, municipal finance, bond and other debt issuers, and taxation examine all aspects of the Federal Reserve’s and Treasury’s intervention–including the Troubled Assets Relief Program (TARP), the Troubled Asset Auction Program (TAAP), the Capital Purchase Program (CPP), and Programs for Systemically Significant Failing Institutions (PSSFI), and a host of reform proposals targeting the securities markets, insurance, investment ratings, mark-to-market accounting, asset appraisals, disclosure rules, compensation, and taxation—and explain the practical implications for issuers, lenders, and investors. 

Investors, fiduciaries, and professionals in financial services and their legal and accounting advisors will discover …

• How IRS rulings issued throughout the crisis provide investors with important relief on complex transactions and valuations
• Strategies for portfolios that include complex financial instruments and distressed debt instruments
• Techniques for assessing and managing risk and tax planning post-recovery
• What the weakened economy and credit markets mean for municipal bond issuers and underwriters, borrowing costs, bond prices and yields, and the likelihood of defaults
• The likely impact of reforms in the securities markets, insurance, investment ratings, mark-to-market accounting, asset appraisals, disclosure rules, compensation, and taxation

Related Publications:
Journal of Taxation of Investments
Journal of Taxation and Regulation of Financial Institutions
Municipal Finance Journal