July 2026
DCW Monthly: July 2026
Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never
National Association of Insurance Commissioners (NAIC)
3 articles
DCW Updates
Investigations Expand into Vesttoo LC Fraud Allegations
The US Federal Bureau of Investigation’s (FBI) has reportedly begun its own probe into allegedly fraudulent letters of credit
DCW Updates
LC Implications from the Fallout of the SVB, Signature Bank Failures
The abrupt mid-March 2023 closures of Silicon Valley Bank (SVB) and Signature Bank sent shockwaves through the US banking
DCW Government Report
NAIC Valuation of Securities (E) Task Force
The NAIC proposed update to their guidelines for removal of an FI on the QUSFI list due to primary regulator announced or taken actions.
