Inspectors General: Reporting on Independence, Effectiveness, and Expertise, GAO-11-770, September 21, 2011 “Information from the 62 IGs in offices established by the IG Act and GAO’s analysis showed that the IGs had (1) taken actions to implement statutory provisions intended to enhance their independence; (2) reported billions of dollars in potential savings and other measures… Continue Reading
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Search Results for: Dodd-Frank
Industrial Organization and Systemic Risk: An Agenda for Further Research
Industrial Organization and Systemic Risk: An Agenda for Further Research, Federal Reserve Governor Daniel K. Tarullo At the Conference on the Regulation of Systemic Risk, Federal Reserve Board, Washington, D.C., September 15, 2011 “Regulators must consider how new resolution frameworks such as that created by Dodd-Frank will affect market participants’ beliefs about what will happen… Continue Reading
Federal Reserve: Report to the Congress on Credit Ratings
Report to the Congress on Credit Ratings, July 2011 “Section 939A of the Dodd-FrankWall Street Reform and Consumer Protection Act (the act) requires each federal agency to review its regulations and identify (1) any regulation that requires the use of an assessment of the creditworthiness of a security or money market instrument and (2) any… Continue Reading
Study on the Resolution of Financial Companies under the Bankruptcy Code
Study on the Resolution of Financial Companies under the Bankruptcy Code, July 2011 “Under section 216 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), the Board of Governors of the Federal Reserve System (the Board), in consultation with the Administrative Office of the United States Courts (the Administrative Office),… Continue Reading
Federal Reserve seeks comment on notice outlining regulations previously issued by OTS
News release: “The Federal Reserve Board is seeking comment on a notice that outlines the regulations previously issued by the Office of Thrift Supervision (OTS) that the Federal Reserve will continue to enforce after assuming supervisory responsibility for savings and loan holding companies (SLHCs). Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, supervisory… Continue Reading
New GAO Reports: Bankruptcy, Mortgage Reform, Pakistan Assistance,
Bankruptcy – Complex Financial Institutions and International Coordination Pose Challenges, GAO-11-707, July 19, 2011 Mortgage Reform – Potential Impacts of Provisions in the Dodd-Frank Act on Homebuyers and the Mortgage Market, GAO-11-656, July 19, 2011 Pakistan Assistance – Relatively Little of the $3 Billion in Requested Assistance Is Subject to State’s Certification of Pakistan’s Progress… Continue Reading
Federal Reserve releases lists of institutions subject to, and exempt from, the debit card interchange fee standards
News release: “The Federal Reserve Board on Tuesday published lists of institutions that are subject to, and exempt from, the debit card interchange fee standards in Regulation II, which implements provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. These lists, available here, are intended to help payment card networks and others determine… Continue Reading
Federal Reserve issues final rule establishing standards for debit card interchange fees
News release: “The Federal Reserve Board on Wednesday issued a final rule establishing standards for debit card interchange fees and prohibiting network exclusivity arrangements and routing restrictions. This rule, Regulation II (Debit Card Interchange Fees and Routing), is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Debit card interchange fees are established… Continue Reading
Consumer Finance Protection Bureau – Defining Larger Nonbank Participants
News release: “The Dodd-Frank Act, signed into law last year, gives the CFPB the job of supervising large banks, as well as some other types of financial companies, for compliance with federal consumer financial protection laws. While banks, thrifts, and credit unions have been subject to examinations by various federal regulators in the past, other… Continue Reading
Recent Testimony of Federal Reserve Officials
June 16, 2011 – Governor Daniel K. Tarullo – Capital and liquidity standards – Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. June 15, 2011 – Michael R. Foley, Senior Associate Director, Division of Banking Supervision and Regulation, Banking supervision – Before the Subcommittee on Financial Institutions and Consumer Protection, Committee… Continue Reading
Fed Governor: Regulating Systemically Important Financial Firms
Regulating Systemically Important Financial Firms, Governor Daniel K. Tarullo At the Peter G. Peterson Institute for International Economics, Washington, D.C., June 3, 2011: “As the one-year anniversary of the Dodd-Frank Act approaches, there will be much discussion about the progress that has been made in reforming financial regulation. Today I would like to get a… Continue Reading
SEC IG Reports Improper Actions Relating to the Leasing of Office Space
Improper Actions Relating to the Leasing of Office Space, Case No. OIG-553, May 16, 2011 “The OIG investigation found that the circumstances surrounding the SEC’s entering into a lease contract with David Nassif Associates (“DNA”) for 900,000 square feet of space at the Constitution Center facility in July 2010 represents another in a long history… Continue Reading
