“The Board is requesting comment on a proposed rule that would implement the conformance period during which banking entities and nonbank financial companies supervised by the Board must bring their activities and investments into compliance with the prohibitions and restrictions on proprietary trading and relationships with hedge funds and private equity funds imposed by section… Continue Reading
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Search Results for: Dodd-Frank
Federal Reserve Speech: Next Steps in Financial Regulatory Reform
Governor Daniel K. Tarullo At the George Washington University Center for Law, Economics, and Finance Conference on the Dodd-Frank Act, Washington, D.C., November 12, 2010 – Next Steps in Financial Regulatory Reform: “The financial crisis showed that the concentrated, almost all-consuming regulatory focus on refining bank capital requirements in Basel II had come at the… Continue Reading
Phase 3 Report on the U.S. by OECD Working Group on Bribery in International Business Transactions
Report on the Application of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and the 2009 Revised Recommendations on Combating Bribery in International Business Transactions. This report was approved and adopted by the OECD Working Group on Bribery in International Business Transactions on 15 October 2010. “The Phase 3 Report… Continue Reading
Federal Reserve Issues Report to Congress on Risk Retention
“The Federal Reserve Board on Tuesday issued a report on the potential impact of credit risk retention requirements on securitization markets. The Report to the Congress on Risk Retention, October 2010 was required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Dodd-Frank Act also requires the Federal Reserve and other agencies to… Continue Reading
SEC Proposes Rules on "Say on Pay" and Proxy Vote Reporting
News release: “The Securities and Exchange Commission today proposed rules that would enable shareholders to cast advisory votes on executive compensation and “golden parachute” arrangements. The rules are called for by Section 951 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Under the proposed rules, public companies subject to the federal proxy rules… Continue Reading
New York Fed: Basel and the Wider Financial Stability Agenda
Basel and the Wider Financial Stability Agenda, October 10, 2010, William C. Dudley, President and Chief Executive Officer. Remarks at the 2010 Institute of International Finance Annual Membership Meeting, Washington, D.C. “Over the past year, important new regulatory initiatives have been advanced both at the national and international level. These include the recent agreement in… Continue Reading
Testimony by Fed Chair Bernanke on regulatory reform implementation
Chairman Ben S. Bernanke, Regulatory Reform Implementation, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C., September 30, 2010 “A final element of the Federal Reserve’s efforts to implement the Dodd-Frank Act relates to the transparency of our balance sheet and liquidity programs. Well before enactment, we were providing a great… Continue Reading
SEC Adopts Temporary Rule Requiring Municipal Advisors to Register With Agency
News release:” The Securities and Exchange Commission today announced that it has adopted a temporary rule requiring municipal advisors to register with the SEC by October 1, a deadline established by the newly-enacted Dodd-Frank Wall Street Reform and Consumer Protection Act. Municipal advisors provide advice to state and local governments and other borrowers involved in… Continue Reading
SEC Issues Report Cautioning Credit Rating Agencies
News release: “The Securities and Exchange Commission today issued a report cautioning credit rating agencies about deceptive ratings conduct and the importance of sufficient internal controls over the policies, procedures, and methodologies the firms use to determine credit ratings. The SEC’s Report of Investigation stems from an Enforcement Division inquiry into whether Moody’s Investors Service,… Continue Reading
Joint Release/Agencies Issue Advance Notice of Proposed Rulemaking Regarding Alternatives to the Use of Credit Ratings in the Regulatory Capital Guidelines
Agencies Issue Advance Notice of Proposed Rulemaking Regarding Alternatives to the Use of Credit Ratings in the Regulatory Capital Guidelines, August 10, 2010 “The federal banking agencies (agencies) today have agreed to publish an advance notice of proposed rulemaking (advance notice) regarding alternatives to the use of credit ratings in their risk-based capital rules (capital… Continue Reading
Testimony: International cooperation and financial regulatory modernization
Governor Daniel K. Tarullo – International cooperation and financial regulatory modernization, Before the Subcommittee on Security and International Trade and Finance, Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C., July 20, 2010 “When you held a hearing on this topic in the fall, I gave an overview of the Federal Reserve’s role… Continue Reading
WSJ: Historic Finance Bill Includes Major New Rules Affecting Nearly Every Corner of Investing World
Follow up to Dodd-Frank Wall Street Reform and Consumer Protection Act – HR 11-517 and Senate passage of the bill by a 60-39 vote on July 15, 2010, via WSJ: “Buried in the bill’s 800-odd pages are the most sweeping regulatory changes for ordinary investors in decades, affecting everything from mutual funds and retirement plans… Continue Reading
