Topic: FSA

IRS Lets Employees Carryover Money in Flexible Spending Accounts – Here’s What Employers Need to Know

The IRS just made health flexible spending accounts more, well, flexible. From attorneys Allison De Tal, Isabel Safie, and John Wahlin of Best Best & Krieger: “The Internal Revenue Service recently released Notice 2013-71, which provides an alternative to the Grace Period Rule for health flexible spending arrangements (FSA). Under this alternative, cafeteria plans may… Read more »

LIBOR and the Manipulation Scandal: A Legal Analysis

From law firm McDermott Will & Emery, an in-depth look at the London Interbank Offered Rate (LIBOR), what it represents, and the continuing manipulation scandal: “[LIBOR] is considered one of the most important interest rates in the financial world. It underpins approximately £225 trillion of financial products ranging from interest rate swaps and corporate loans… Read more »

European Banking & Finance News: A JD Supra Legal Reader

Barclays, ESMA standards, an amended Prospectus Directive, AIFMSD, FSA activities, and more… For your convenience, here’s a roundup of recent advisories on developments in the European banking and finance industry: Barclays / LIBOR FSA Fines Barclays £59.5 Million for Manipulation of LIBOR (Orrick, Herrington & Sutcliffe LLP): “On 27 June 2012, the FSA published the… Read more »