“The Federal Reserve Board on Wednesday announced its approval of a final rule to implement the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that give banking firms a period of time to conform their activities and investments to the prohibitions and restrictions of the so-called Volcker Rule. The Volcker Rule generally… Continue Reading
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Search Results for: Dodd-Frank
SEC Proposes First in Series of Rule Amendments to Remove References to Credit Ratings
News release: “The Securities and Exchange Commission today voted unanimously to propose amendments to its rules that would remove credit ratings as one of the conditions for companies seeking to use short-form registration when registering securities for public sale. Section 939A of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires federal agencies to… Continue Reading
Federal Reserve issues proposals related to designation of systemically important nonbank financial companies
News release: “The Federal Reserve Board requested comment on a proposed rule that implements two provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act related to the designation by the Financial Stability Oversight Council of systemically important nonbank financial companies for consolidated supervision by the Board. First, the proposed rule establishes the requirements… Continue Reading
Agencies Propose Changes in Reporting Requirements for OTS-Regulated Savings Associations and Savings and Loan Holding Companies
News release: “The federal bank and thrift regulatory agencies announced proposed changes today to reporting requirements for savings associations and savings and loan holding companies regulated by the Office of Thrift Supervision (OTS). The proposed changes include a change from quarterly Thrift Financial Reports to quarterly Consolidated Reports of Condition and Income, commonly known as… Continue Reading
FTC Issues Annual Financial Acts Enforcement Report to Federal Reserve
“The Federal Trade Commission issued its annual report to the Federal Reserve Board on FTC enforcement activities regarding the Equal Credit Opportunity Act, Electronic Fund Transfer Act (EFTA), Consumer Leasing Act, and Truth in Lending Act. This years report also discusses FTC activities under the Dodd-Frank Wall Street Reform and Consumer Protection Act, such as… Continue Reading
SEC Publishes Staff Study on Investor Access to Information About Investment Professionals
News release: “The Securities and Exchange Commission announced that it has published a staff study recommending steps to help investors better access information about investment professionals. The recommendations of the study, which was required by Section 919B of the Dodd-Frank Wall Street Reform and Consumer Protection Act, must be implemented within 18 months after the… Continue Reading
SEC Releases Staff Study Recommending a Uniform Fiduciary Standard of Conduct for Broker-Dealers and Investment Advisers
News release: “The Securities and Exchange Commission submitted to Congress a staff study recommending a uniform fiduciary standard of conduct for broker-dealers and investment advisers — no less stringent than currently applied to investment advisers under the Advisers Act — when those financial professionals provide personalized investment advice about securities to retail investors. The study,… Continue Reading
Financial Stability Oversight Council's Study and Recommendations Regarding Implementation of the Volcker Rule
Documents from the FSOC’s January 18, 2011 Meeting The FSOCs Study and Recommendations Regarding Implementation of the Volcker Rule: “As mandated by the Dodd-Frank Act, the FSOC conducted a study on how best to implement Section 619 of the Act (commonly known as the Volcker Rule), which is designed to improve the safety of our… Continue Reading
Federal Reserve proposes expanded coverage of consumer protection regulations to credit transactions and leases of higher dollar amounts
News release: “The Federal Reserve Board on Monday proposed two rules that would expand the coverage of consumer protection regulations to credit transactions and leases of higher dollar amounts. The proposed rules would amend Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) to implement a provision of the Dodd-Frank Wall Street Reform and… Continue Reading
CBO: Report on the Troubled Asset Relief Program, November 2010
Report on the Troubled Asset Relief Program — November 2010 “CBO’s current estimate of the cost of the TARP’s transactions is substantially less than the $66 billion estimate incorporated in the agency’s latest baseline budget projections (issued in August 2010) and the $109 billion estimate shown in the agency’s previous report on the TARP (issued… Continue Reading
CRS: The Status of the Basel III Capital Adequacy Accord
The Status of the Basel III Capital Adequacy Accord, Walter W. Eubanks, Specialist in Financial Economics, October 28, 2010 “The new Basel Capital Adequacy Accord (Basel III) is of concern to Congress mainly because it could put U.S. financial institutions at a competitive disadvantage in world financial markets. The Basel capital accord is an agreement… Continue Reading
SEC Proposes Rules on Security-Based Swap Reporting
Fact Sheet: “The Securities and Exchange Commission today voted unanimously to propose new rules entailing how security-based swap transactions should be reported and publicly disseminated. The rules are proposed under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which generally authorizes the SEC to regulate security-based swaps. The proposed rules (Regulation… Continue Reading
