Harvard Law School Forum on Corporate Governance and Financial Regulation – July 5, 2015 – Annette L. Nazareth, Davis Polk & Wardwell: “The week of June 15, 2015 saw two of the first publicly announced enforcement actions brought by the Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) to enforce security-based swap… Continue Reading
Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002
Search Results for: Dodd-Frank
Federal Reserve Board releases first determination of aggregate consolidated liabilities of all financial companies
“The Federal Reserve Board on [July 1, 2015] released its first determination of the aggregate consolidated liabilities of all financial companies in accordance with section 622 of the Dodd-Frank Act, which prohibits any financial company from combining with another company if the resulting company’s liabilities exceed 10 percent of the aggregate consolidated liabilities of all… Continue Reading
22nd Annual ABA Real Estate Survey Report
“The 22nd Real Estate Lending Survey had the participation of 182 banks. The data was collected from March 4, 2015 to April 17, 2015, and in most cases reports calendar year or year – end results. In other cases, data reflect current activities and expectations at the time of data collection. Of the survey participants,… Continue Reading
Landmark Open Data Legislation to be Introduced
Data Transparency Coalition – “Rep. Darrell Issa (R-CA) and a bipartisan group of cosponsors will introduce the Financial Transparency Act of 2015 at a press conference tomorrow at 2 pm in room 2226 of the Rayburn House Office Building. Supporters of open data and the public are welcome to attend. Issa’s office issued a media advisory late Monday evening confirming he… Continue Reading
Are BHC and Federal Reserve Stress Test Results Converging? What Do We Learn from 2015?
Federal Reserve Bank of New York – Liberty Street Economics – Beverly Hirtle, Anna Kovner, and Eric McKay: “In March, the Federal Reserve and thirty-one large U.S. bank holding companies (BHCs) announced results of the latest Dodd-Frank Act-mandated stress tests. Some commentators have argued that BHCs, in designing their stress test models, have strong incentives… Continue Reading
How the Volcker Rules Became an 8 Billion Annual Business
Via AmericanBanker.com, John Heltman (free to non-subscribers): “The Office of the Comptroller of the Currency — one of the five regulatory agencies that had to write and implement the Volcker Rule — estimated the cost of compliance at just under $1 billion when it conducted a cost-benefit analysis of the proposal back in 2011. A… Continue Reading
Agencies Provide Feedback on Resolution Plans of Three Foreign Banking Organizations
Firms Required to Address Shortcomings in 2015 Submissions – “The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Monday announced that they had completed the reviews of resolution plans submitted in 2014 by three large, foreign banking organizations and had issued feedback letters to each institution. In their review of the resolution… Continue Reading
CFPB Report Outlines Legal Violations Uncovered by Supervision
“Today the Consumer Financial Protection Bureau (CFPB) released its latest supervision report highlighting legal violations uncovered by the Bureau’s examiners. The Bureau found deceptive student loan debt collection practices, unfair and deceptive overdraft practices, mortgage origination violations, fair lending violations, and mishandled disputes by consumer reporting agencies. The report also shows that CFPB supervisory resolutions… Continue Reading
CFPB Arbitration Study: Report to Congress 2015
“The Dodd-Frank Wall Street Reform and Consumer Protection Act requires that we study arbitration agreements and provide a report to Congress of our findings. Companies provide almost all consumer financial products and services under written contracts. Arbitration agreements, in those contracts, can require that parties resolve any subsequent disputes through privately-appointed individuals (arbitrators), rather than… Continue Reading
Federal Reserve releases results of supervisory bank stress tests
“The largest U.S.-based bank holding companies continue to build their capital levels and to strengthen their ability to lend to households and businesses during a period marked by severe recession and financial market volatility, according to the results of supervisory stress tests announced by the Federal Reserve on Thursday. The most severe hypothetical scenario projects… Continue Reading
Federal Reserve releases results of supervisory bank stress tests
“The largest U.S.-based bank holding companies continue to build their capital levels and to strengthen their ability to lend to households and businesses during a period marked by severe recession and financial market volatility, according to the results of supervisory stress tests announced by the Federal Reserve on Thursday. The most severe hypothetical scenario projects… Continue Reading
Large Institution Supervision Coordinating Committee
Large Institution Supervision Coordinating Committee – Under applicable law, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Board of Governors has the responsibility for the supervision of systemically important financial institutions, including large bank holding companies, the U.S. operations of certain foreign banking organizations, and nonbank financial companies that are designated by… Continue Reading
