Privileged Communications refer to private interactions between the client and a a party with a recognized relationship (e.g. spouse, lawyer, doctor, priest) that are protected from being disclosed and admitted as evidence in court without consent.

The proposed Distressed Asset Management Act would allow licensed private companies to buy non-performing loans from banks, restructure or recover the debt, sell pledged collateral, and in some cases temporarily take control of heavily indebted companies.

Interoperability refers to the ability of various competing platforms to connect, share data, and facilitate communication between users across networks.

Following Russia’s invasion of Ukraine, the EU froze around €210 billion in assets belonging to the Russian Central Bank, most of which are held through the Belgium-based financial institution Euroclear. Russia currently cannot access these assets, but legally retains ownership of them.

A first-generation professional is someone who is the first person in their immediate family to work in a white-collar career that requires a college degree.