“The Federal Reserve Board on Tuesday announced that it will begin a quantitative impact study (QIS) to evaluate the potential effects of its revised regulatory capital framework on savings and loan holding companies and nonbank financial companies supervised by the Board that are substantially engaged in insurance underwriting activity (insurance holding companies). In July 2013, the… Continue Reading
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Search Results for: Dodd-Frank
Systemically Important or “Too Big to Fail” Financial Institutions
CRS – Systemically Important or “Too Big to Fail” Financial Institutions. Marc Labonte, Specialist in Macroeconomic Policy. September 19, 2014. “Although “too big to fail” (TBTF) has been a perennial policy issue, it was highlighted by the near-collapse of several large financial firms in 2008. Financial firms are said to be TBTF when policy makers judge that their failure would… Continue Reading
Whistleblowers Silenced by Non-Disclosure Agreements – Focus on SEC
POGO – “On July 25, the Project On Government Oversight, along with more than 50 other organizations, sent a letter to the Securities and Exchange Commission (SEC) expressing concern over the growing problem of silencing whistleblowers. Many companies regulated by the SEC are now requiring employees reporting misconduct to sign non-disclosure agreements (NDAs) that undermine the force… Continue Reading
Becoming More Alike? Comparing Bank and Federal Reserve Stress Test Results
Beverly Hirtle, Anna Kovner, and Eric McKay – Federal Reserve Bank of New York “Stress tests have become an important method of assessing whether financial institutions have enough capital to operate in bad economic conditions. Under the provisions of the Dodd-Frank Act, both the Federal Reserve and large U.S. bank holding companies (BHCs) are required to do annual… Continue Reading
Comparing Bank and Federal Reserve Stress Test Results
Beverly Hirtle, Anna Kovner, and Eric McKay, New York Fed: “Stress tests have become an important method of assessing whether financial institutions have enough capital to operate in bad economic conditions. Under the provisions of the Dodd-Frank Act, both the Federal Reserve and large U.S. bank holding companies (BHCs) are required to do annual stress tests and to… Continue Reading
New poll on anniversary of Dodd Frank finds majority of Americans identify Wall Street with risk
“On the 4th anniversary of the passage of the Dodd-Frank law and nearly 6 years since the financial collapse of 2008, American voters still distrust Wall Street and big banks and strongly support tough financial regulation of them, according to a new national survey of likely 2014 voters. The result is a strong majority of voters supporting stricter regulations of the… Continue Reading
Privacy Protection for Customer Financial Information – CRS
Privacy Protection for Customer Financial Information – M. Maureen Murphy, Legislative Attorney. July 14, 2014 “One of the functions transferred to the Consumer Financial Protection Bureau (CFPB) under P.L. 111-203, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), is authority to issue regulations and take enforcement actions under the two major federal statutes that specify conditions under which customer… Continue Reading
Impact of Final Basel III Capital Ratios on U.S. Banking Organizations
Simpler and Less Volatile Capital Calculations — Will Impact Capital Planning, M&A and Investment Strategy. Thomas W. Killian, Principal – Sandler ONeill “After receiving more than 2,500 comment letters from U.S. banks and other interested parties, raising over 400 different concerns, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the… Continue Reading
Financial Regulatory Agencies Release Public Sections of Resolution Plans
“The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Wednesday released the public portions of annual resolution plans for 17 financial firms. Each plan must describe the company’s strategy for rapid and orderly resolution under the U.S. Bankruptcy Code in the event of material financial distress or failure of the company. The Dodd-Frank… Continue Reading
Securities Lending and the Untold Story in the Collapse of AIG
“American International Group Inc. (AIG), a worldwide insurance powerhouse, avoided bankruptcy in 2008 thanks to generous bailouts from the federal government. Understanding what happened to AIG is critical in evaluating the regulatory reforms enacted since the crisis, and ascertaining whether earlier implementation of those reforms would have prevented the AIG bailout and whether the reforms… Continue Reading
Bank Profitability and Debit Card Interchange Regulation
Kay, Benjamin S. and Manuszak, Mark D. and Vojtech, Cindy M., Bank Profitability and Debit Card Interchange Regulation: Bank Responses to the Durbin Amendment (April 2, 2014). Available for download at SSRN: http://ssrn.com/abstract=2449027 “The Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 alters the competitive structure of the debit card… Continue Reading
Disclosure Universes and Modes of Information: Banks, Innovation, and Divergent Regulatory Quests
Hu, Henry T. C., Disclosure Universes and Modes of Information: Banks, Innovation, and Divergent Regulatory Quests (May 26, 2014). Yale Journal on Regulation, Vol. 31, No. 3, 2014. Available at SSRN: http://ssrn.com/abstract=2442092 “In 2013, a new system for mandatory public disclosure came into effect, the first since the creation of the Securities and Exchange Commission (SEC)… Continue Reading
