“The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) today made available the public portions of resolution plans for firms with generally less than $100 billion in qualifying nonbank assets, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Dodd-Frank Act requires that certain banking organizations with total… Continue Reading
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Search Results for: Dodd-Frank
The Role of Regulatory Burden in New Charter Creation
Adams, Robert M. and Gramlich, Jacob, Where are All the New Banks? The Role of Regulatory Burden in New Charter Creation (December 29, 2014). FEDS Working Paper No. 2014-113. Available for download at SSRN: http://ssrn.com/abstract=2544677 “The number of new bank charters in the United States has declined dramatically in recent years. From 1990 to 2008, over… Continue Reading
The Enforcers & the Great Recession
Totten, Mark, The Enforcers & the Great Recession (December 7, 2014). Cardozo Law Review, Forthcoming. Available for download at SSRN: http://ssrn.com/abstract=2535109 “No one played a more vital role responding to the worst economic crisis since the Great Depression than a small band of state attorneys general (AGs). Yet this story has never been told nor… Continue Reading
SEC Issues Annual Staff Reports on Credit Rating Agencies
[December 23, 2014] “the Securities and Exchange Commission issued its annual staff report on the findings of examinations of credit rating agencies registered as nationally recognized statistical rating organizations (NRSROs) and submitted a separate report on NRSROs to Congress. “These reports provide the most current and comprehensive picture of the credit rating industry,” said SEC Chair… Continue Reading
Legal by Design: A New Paradigm for Handling Complexity in Banking Regulation and Elsewhere in Law
Lippe, Paul and Katz, Daniel Martin and Jackson, Daniel H, Legal by Design: A New Paradigm for Handling Complexity in Banking Regulation and Elsewhere in Law (December 16, 2014). Available for download at SSRN: http://ssrn.com/abstract=2539315 or http://dx.doi.org/10.2139/ssrn.2539315 “On August 5, 2014, the Federal Reserve Board and the Federal Deposit Insurance Corporation criticized shortcomings in the Resolution… Continue Reading
SEC Office of the Investor Advocate Report FY2014
REPORT ON ACTIVITIES FISCAL YEAR 2014 – Office of the Investor Advocate. “THE OFFICE OF THE INVESTOR ADVOCATE was established pursuant to Section 915 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”), as codified under Section 4(g) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. § 78d(g). Exchange Act Section… Continue Reading
New GAO Reports – Airport Privatization, Anthrax, Dodd Frank Regulations, Education, Emergency Preparedness, Ground Radar
Airport Privatization: Limited Interest despite FAA’s Pilot Program, GAO-15-42: Published: Nov 19, 2014. Publicly Released: Dec 19, 2014. Anthrax: Agency Approaches to Validation and Statistical Analyses Could Be Improved, GAO-15-80: Published: Dec 19, 2014. Publicly Released: Dec 19, 2014. Dodd-Frank Regulations: Regulators’ Analytical and Coordination Efforts [Reissued on December 18, 2014, GAO-15-81: Published: Dec 18, 2014. Publicly Released:… Continue Reading
2014 Financial Stability Conference
“Cleveland Fed and OFR Conference on December 4-5 in DC Focused on Approaches to Monitoring Financial Stability and Development/Implementation of Macroprudential Policy. This second annual Cleveland Fed/OFR conference brought together policymakers, market participants, and academics to discuss: Macroprudential policy development and implementation Tools that measure vulnerabilities in the financial system Measurement challenges in the implementation of… Continue Reading
The Orderly Liquidation Authority: Fanatical or Familiar? Idealistic or Unrealistic?
Massman, Stephanie, The Orderly Liquidation Authority: Fanatical or Familiar? Idealistic or Unrealistic? (May 2014). Available for download at SSRN: http://ssrn.com/abstract=2525825 “The systemic financial crisis of 2008 spurred the failure of numerous financial and non-financial entities. Regulators addressed each of these failures on an ad hoc ex-post basis, granting multiple bailouts in various forms. The refusal… Continue Reading
The Big Bank Theory: Breaking Down the Breakup Arguments
“The 2008 financial crisis threw into sharp relief the issue of “too-big-to-fail” (TBTF)—the challenge posed by financial institutions that were bailed out on concerns that their failure would cause damage to the rest of the financial system and the overall economy. Since then, policymakers and regulators have wrestled with how to address this problem. The… Continue Reading
Law is Code: A Software Engineering Approach to Analyzing the United States Code
William Li, Pablo Azar, David Larochelle, Phil Hill & Andrew Lo, Law is Code: A Software Engineering Approach to Analyzing the United States Code, October 31, 2014. “The agglomeration of rules and regulations over time has produced a body of legal code that no single individual can fully comprehend. This complexity produces inefficiencies, makes the… Continue Reading
FDIC Releases Economic Scenarios for 2015 Stress Testing
“The Federal Deposit Insurance Corporation (FDIC) today released the economic scenarios that will be used by certain financial institutions with total consolidated assets of more than $10 billion for stress tests required under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The baseline, adverse, and severely adverse scenarios include key variables that reflect… Continue Reading
