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  • Article

    Federal Reserve Board Announces Study On The Effects Of Revised Regulatory Capital Framework

    The Federal Reserve Board will begin a quantitative impact study in order to evaluate the effects of the revised regulatory capital framework on savings and loan holding companies.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    Federal Reserve Board Proposes To Simplify CCAR Requirements For Certain Bank Holding Companies

    The FRB requested comments on a proposal to revise the capital plan and stress test rules for bank holding companies with total consolidated assets of between $50 billion and $250 billion.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
  • Article

    Federal Reserve Board Releases A Proposed Rule To Impose Risk-Based Capital Surcharges On GSIB U.S. Bank Holding Companies

    The Proposed Rule would be phased in beginning 2016 at a rate of 25% per year and become fully effective on January 1, 2019.
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    Federal Reserve Board Releases Supervisory Scenarios For 2015 CCAR Tests

    The Federal Reserve Board released supervisory scenarios for use in the 2015 capital planning and stress testing program, namely the Comprehensive Capital Analysis and Review.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    Financial Stability Board Consults On Reporting On The Use Of Compensation Tools To Address Misconduct Risk

    On May 7, 2018, the Financial Stability Board published proposed Recommendations for consistent national reporting of data concerning the use of compensation tools ...
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    FRB Adopts Final Rule And Interim Final Rule Concerning Capital Requirements For Small Bank Holding Companies Organized As S Corps Or In Mutual Form

    The FRB issued an interim final rule (the "Interim Final Rule") that allows bank holding companies ("BHCs") organized as S Corps and BHCs organized in mutual form to exclude subordinated debt issued to the Department of the Treasury ("Treasury") under the Small Business Lending Fund from treatment as debt for purposes of the debt-to-equity standard under the FRB’s Small Bank Holding Company Policy Statement (the "Policy Statement").
    United StatesFinance and Banking
    Goodwin Procter LLP
    Goodwin Procter LLP
  • Article

    FRB And OCC Release 2023 Stress Test Scenarios

    The Federal Reserve Board and Office of the Comptroller of the Currency last week released their 2023 Dodd-Frank Act Stress Test scenarios.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    FRB, FDIC, OCC And NCUA Testify At Congressional Oversight Hearings

    This week, the Senate Banking Committee and the House Financial Services Committee held oversight hearings with leaders of the Federal Deposit Insurance Corporation ("FDIC")..
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    FRB Governor Describes Transition From LIBOR To Alternative Rate

    Board of Governors of the Federal Reserve System ("FRB") Governor Jerome H. Powell described some of the considerations around a transition from the London Interbank Offered Rate...
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    FRB Proposes Amendments To Capital Planning Requirements

    The FRB is also seeking feedback on existing capital planning guidance.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    FRB Releases "Stress Test" Results Of Large U.S. Bank Holding Companies

    The FRB stated that later in 2016, it plans to conduct a thorough review of the largest firms' internal audit coverage of capital planning practices.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    FRB Seeks Comments On Proposed "Simplified" Capital Rules

    The Board of Governors of the Federal Reserve System ("FRB") requested comments on proposed rules that would simplify the capital requirements for large banks.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    FSB Issues Guidance On Resolution Planning For Systemically Important Banks

    The Financial Stability Board ("FSB") published two papers providing further guidance to financial institutions on resolution planning.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    GameStop Is Still Relevant: SEC Proposes T+1 Settlement Cycle

    Earlier this year, we wrote about the GameStop saga of late 2020/early 2021 and its impact on U.S. capital markets.
    United StatesFinance and Banking
    Michael Best
    Michael Best
  • Article

    Industry Associations Offer Recommendations On Proposed Basel III CVA Framework

    ISDA, the Global Financial Markets Association and the Institute of International Finance (the "Associations") offered recommendations on the Bank for International Settlements (BIS) Basel Committee's proposed revisions.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    Industry Trades Really Don't Like The Basel III Endgame Proposal

    This week BPI upped the proverbial ante when it unveiled a much larger advertising campaign in opposition to the proposal.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    International Regulatory Groups Analyze "Interconnectedness" Between CCPs And Clearing Members

    In a new report on interconnectedness and systemic risk, IOSCO, the Financial Stability Board, the Committee on Payments and Market Infrastructures ...
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    NFA Proposes Requiring CPOs And CTAs To Report Financial Condition

    The NFA proposed amending Compliance Rule 2-46 and adopting Interpretive Notice: "NFA Compliance Rule 2- 46: Reporting Financial Information on NFA Forms PQR and PR.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    NFA Requests Comments On Need For CPO/CTA Capital Requirements

    Should the National Futures Association impose capital requirements on commodity pool operators and commodity trading advisors?
    United StatesFinance and Banking
    Morrison Foerster
    Morrison Foerster
  • Article

    OCC Settles With Bank Over Alleged BSA/AML Violations

    On October 16, the OCC announced a formal agreement with a national bank in Florida for alleged unsafe or unsound practices related to board oversight, corporate governance, strategic and capital planning, and compliance with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) requirements.
    United StatesFinance and Banking
    Sheppard
    Sheppard
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