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How does Eli Richardson's past work with the federal government inform his client interactions? Find out more>

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In June 2016, AmSurg Corp. and Envision Healthcare Holdings, Inc. (Envision) announced they have signed a definitive merger agreement pursuant to which the companies will combine in an all-stock transaction. Upon completion of the merger, which is expected to be tax-free to the shareholders of both organizations, the combined company will be named Envision Healthcare Corporation and co-headquartered in Nashville, Tennessee and Greenwood Village, Colorado. The company's common stock is expected to trade on the New York Stock Exchange under the ticker symbol: EVHC. Bass, Berry & Sims served as lead counsel on the transaction, led by Jim Jenkins. Read more.

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Inside the FCA blogInside the FCA blog features ongoing updates related to the False Claims Act (FCA), including insight on the latest legal decisions, regulatory developments and FCA settlements. The blog provides timely updates for corporate boards, directors, compliance managers, general counsel and other parties interested in the organizational impact and legal developments stemming from issues potentially giving rise to FCA liability.

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Community Banks Win Concessions in the Federal Reserve’s Final Basel III Package

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July 3, 2013

On July 2, 2013, the Federal Reserve board of governors approved long-awaited final rules implementing the Basel Committee on Banking Supervision's Basel III rules. The package of rules, as approved, will minimize the burden on smaller, less complex financial institutions and is considered an improvement over the initially proposed rules.

Although the final rules adhered, by and large, to the initial draft proposal released last June, some aspects of the final rules were softened for community banks. For instance, community banks will be allowed to continue using the current risk weights for residential mortgage loans. Regulators also gave banks with less than $250 billion in assets a one-time opportunity to "opt-out" of a requirement to include unrealized gains and losses in Accumulated Other Comprehensive Income in their capital calculation. Such banks were warned, however, that that they would not be permitted to reverse any such decision in order to avoid an opportunity for regulatory arbitrage. In addition, regulators agreed to allow bank holding companies with less than $15 billion in assets to grandfather the eligibility of trust-preferred securities as part of their Tier 1 capital. Community banks also were provided a longer transition period, with implementation starting on January 1, 2015, while larger banks must begin compliance on January 1, 2014. Unchanged from the proposed rules, and still potentially troubling to smaller financial institutions, is the requirement for a capital conservation buffer of 2.5 percent.

If you have any questions about the content of this alert, please contact one of the attorneys in our Financial Institutions practice group.


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