News release: “The Federal Reserve Board (Board) and the Federal Deposit Insurance Corporation (FDIC) on Monday announced the release of additional guidance, clarification and direction for the first group of institutions filing their resolutions plans pursuant to the Dodd-Frank Act. These 11 institutions filed their initial resolution plans with the Federal Reserve Board and the… Continue Reading
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Search Results for: Dodd-Frank
Speech by Chairman Bernanke on stress testing banks
Chairman Ben S. Bernanke At the “Maintaining Financial Stability: Holding a Tiger by the Tail” financial markets conference sponsored by the Federal Reserve Bank of Atlanta, Stone Mountain, Georgia April 8, 2013 “…we currently have two distinct but related supervisory programs that rely on stress testing. The first is the stress testing required by the… Continue Reading
Federal Reserve Board approves final rule establishing requirements for determining when a company is "predominantly engaged in financial activities"
News release: “The Federal Reserve Board on Wednesday announced approval of a final rule that establishes the requirements for determining when a company is “predominantly engaged in financial activities.” The requirements will be used by the Financial Stability Oversight Council (FSOC) when it considers the potential designation of a nonbank financial company for consolidated supervision… Continue Reading
CFPB – Defining Larger Participants of the Student Loan Servicing Market
“The Bureau of Consumer Financial Protection (Bureau or CFPB) proposes to amend the regulation defining larger participants of certain consumer financial product and service markets by adding a new section to define larger participants of a market for student loan servicing. The Bureau proposes this rule pursuant to its authority, under the Dodd-Frank Wall Street… Continue Reading
Federal Reserve releases summary results of bank stress tests
“The Dodd-Frank Act Stress Tests are a set of forward-looking exercises conducted both by the Federal Reserve and by financial companies regulated by the Federal Reserve. The stress tests were mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act and are intended to ensure institutions have sufficient capital to absorb losses and support… Continue Reading
New York Federal Reserve – Financial Stability Monitoring
Financial Stability Monitoring, February 2013, Number 601. Authors: Tobias Adrian, Daniel Covitz, and Nellie J. Liang “While the Dodd-Frank Act (DFA) broadens the regulatory reach to reduce systemic risks to the U.S. financial system, it does not address some important risks that could migrate to or emanate from entities outside the federal safety net. At… Continue Reading
New GAO Reports: Airport Passenger Fees, DOD Security, Cybersecurity, Financial Regulatory Reform, Government Reorganization,
Transportation – Alternative Methods for Collecting Airport Passenger Facility Charges, GAO-13-262R, Feb 14, 2013 Building Partner Capacity – Key Practices to Effectively Manage Department of Defense Efforts to Promote Security Cooperation, GAO-13-335T, Feb 14, 2013 Cybersecurity – National Strategy, Roles, and Responsibilities Need to Be Better Defined and More Effectively Implemented, GAO-13-187, Feb 14, 2013… Continue Reading
CFPB Report to Congress – Growing our Human Capital
Consumer Finance Protection Bureau: “With this document, we submit our second annual report as required by Section 1067 of the Dodd-Frank Act. In it we describe progress since July 21, 2011 and note the Bureaus strategies and planned activities within each of the following: Recruitment and Retention Plan, Training and Workforce Development Plan, and Workforce… Continue Reading
Annual Report of the CFPB Student Loan Ombudsman
Annual Report of the CFPB Student Loan Ombudsman, October 16, 2012: “The Dodd-Frank Wall Street Reform and Consumer Protection Act established an ombudsman within the Consumer Financial Protection Bureau. Pursuant to the Act, the ombudsman shall prepare an annual report and make appropriate recommendations to the Secretary of the Treasury, the Director of the Consumer… Continue Reading
Federal Reserve and FDIC release resolution plans, also known as living wills
News release includes links to public section resolution plan bank documents: “The Dodd-Frank Wall Street Reform and Consumer Protection Act requires that bank holding companies with total consolidated assets of $50 billion or more and nonbank financial companies designated by the Financial Stability Oversight Council for supervision by the Federal Reserve submit resolution plans annually… Continue Reading
The New Bank Resolution Regimes and Too-Big-to-Fail
The New Bank Resolution Regimes and Too-Big-to-Fail. Jennie Bai, Christian Cabanilla, and Menno Middeldorp, Federal Reserve Bank of New York, October 2012 “During the recent financial crisis, the absence of an orderly resolution regime forced governments of several countries to provide extraordinary support to a number of systemically important financial institutions (SIFIs) that were considered… Continue Reading
Whistleblower Protections Under Federal Law: An Overview
Whistleblower Protections Under Federal Law: An Overview. Jon O. Shimabukuro, Legislative Attorney and L. Paige Whitaker, Legislative Attorney, September 13, 2012 “Legal protections for employees who report illegal misconduct by their employers have increased dramatically since the late 1970s when such protections were first adopted for federal employees in the Civil Service Reform Act of… Continue Reading
