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  • Article

    Broker-Dealer Settles FINRA Charges For Net Capital Maintenance Failures

    A broker-dealer settled FINRA charges for violating minimum net capital requirements and for failing to comply with books and records rules.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    Bureau And Prudential Banking Regulators To Coordinate Certain Supervisory Activities

    The Consumer Financial Protection Bureau (the Bureau) recently entered into a Memorandum of Understanding on Supervisory Coordination (the MOU) with the Board of Governors of the Federal Reserve System (the Federal Reserve Board), the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency (collectively, the Prudential Regulators).
    United StatesFinance and Banking
Foley & Lardner LLP
Foley & Lardner LLP
  • Article

    California’s Proposed Mortgage Modification Program

    California Governor Arnold Schwarzenegger recently announced a legislative proposal to stem foreclosures in the state by incentivizing lenders to offer “robust” loan modification programs.
    United StatesFinance and Banking
    Morrison Foerster
    Morrison Foerster
  • Article

    CFTC Commissioner Giancarlo Criticizes U.S. Regulators' Refusal To Delay Swaps Margin Rules

    CFTC Commissioner J. Christopher Giancarlo reprimanded U.S. prudential regulators and the CFTC for ordering swap dealers to meet a contested September 1 deadline for the implementation...
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    CFTC Commissioner Giancarlo Sounds The Alarm (Again) On Flash Crashes, Dodd-Frank And Bank Capital Constraints

    On October 11, 2016, CFTC Commissioner Christopher Giancarlo made an important request to other financial regulators after the October 7, 2016 flash crash in the British Pound.
    United StatesFinance and Banking
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    CFTC Commissioner Stump Calls For Re-Visitation Of Swaps Rules

    CFTC Commissioner Dawn D. Stump advocated for the frequent re-visitation and refinement of swaps rule sets by regulators to ensure that regulations are current with the market environment.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    Classified Assets And Restructuring: Once A Low-Quality Asset, Now A Harder Path Out

    When a bank restructures a classified asset, does it automatically lose its low-quality status under Regulation W? This analysis examines the strict requirements for removing low-quality asset designations and the critical role of independent examiner re-classification in determining whether banks can purchase restructured assets from affiliates.
    United StatesFinance and Banking
    Duane Morris LLP
    Duane Morris LLP
  • Article

    Company Stock in Your 401k Plan? You´re Playing With Fire!

    When a company gets into trouble or some adverse news causes their stock to decline in price and the firm's 401k retirement plan is a major holder of the stock, you can count on law firms taking notice and often launching a barrage of class action lawsuits. Pfizer (NYSE:PFE) is the latest to draw this unwanted attention.
    United StatesFinance and Banking
    PensionHelpCenter
    PensionHelpCenter
  • Article

    Court Recognizes "Commercial Reasonableness" In Finding For Bank In Data Security Breach Case

    People's United Bank, the nation's largest regional bank headquartered in New England, won a key victory in a data security breach case that had been followed for two years by the national banking associations, as well as by American Banker and other industry publications.
    United StatesFinance and Banking
    Goodwin Procter LLP
    Goodwin Procter LLP
  • Article

    EU Rules On G-SIIs

    The EBA published final draft regulatory technical standards on the methodology for national regulators to identify global systemically important institutions.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    FDIC Proposes Derivatives Recordkeeping Rule For Troubled Institutions

    On July 28, 2008, the Federal Deposit Insurance Corporation (“FDIC”) published for comment a proposed rule that would require certain troubled depository institutions to maintain records of their qualified financial contracts (“QFCs”) in order to provide the FDIC with basic information when the agency is appointed as receiver.
    United StatesFinance and Banking
    Fried Frank Harris Shriver & Jacobson
    Fried Frank Harris Shriver & Jacobson
  • Article

    Fed Vice Chair Barr Delivers Results Of Holistic Capital Review

    Depending on a bank's size, most banks over $100 billion in assets are today subject to a combination of risk-based regulatory capital minimums, leverage capital ratios and capital buffer requirements.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    Federal Banking Agencies Issue Guidance On Counterparty Credit Risk Management

    On July 5, 2011, the FDIC, FRB, OCC and OTS (collectively the "Agencies") jointly issued guidance (the "Guidance") to clarify supervisory expectations and sound practices for an effective counterparty credit risk ("CCR") management framework.
    United StatesFinance and Banking
    Goodwin Procter LLP
    Goodwin Procter LLP
  • Article

    Federal Banking Agencies Issue Proposed Rulemaking To Amend ESLR

    This week, the Federal Reserve Board ("FRB") and the Office of the Comptroller of the Currency ("OCC") issued a notice of proposed rulemaking ("NPR") to amend the Enhanced Supplementary Leverage Ratio ("eSLR").
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    Federal Reserve Board Governor Tarullo Describes Potential Changes To Stress Testing And CCAR Programs

    In a speech before the Yale University School of Management Leaders Forum, FRB Governor Daniel K. Tarullo outlined the results of an "extensive review" of the Dodd-Frank Act Stress Testing.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    Financial Regulatory Developments Focus - 26 August 2014

    Regulators request FSB to assist in removing obstacles to effective derivatives trade reporting.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    Financial Stability Board Progress Report On Addressing Correspondent Banking Decline

    On November 16, 2018, the Financial Stability Board published a progress report addressed to the G20 Finance Ministers and Central Bank Governors on the FSB's four-point action plan to assess and address the decline in correspondent banking relationships.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    FRB Governor Bowman Speaks On Financial Stability

    Last week, Federal Reserve Board ("FRB") Governor Michelle Bowman gave a speech entitled Financial Stability in Uncertain Times, focusing on the "financial stability risks...
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    FRB Governor Describes Progress In Developing Climate-Related Risk Framework

    Federal Reserve Board Governor Lael Brainard described challenges and solutions for incorporating climate-related risk assessments into supervisory frameworks.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    FRB Governor Powell Urges Housing Finance Reform

    In a speech at the American Enterprise Institute in Washington, D.C., Board of Governors of the Federal Reserve System ("FRB") member Jerome H. Powell advocated for housing finance reform...
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Showing 681–700 of 1899 results

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