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ARTICLE · 12 FEBRUARY 2018

Financial Regulatory Developments Focus — February 7, 2018

A&O Shearman
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In this week's newsletter, we provide a snapshot of the principal U.S., European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and corporates.

United StatesFinance and Banking
A&O Shearman
A&O Shearman
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BANK PRUDENTIAL REGULATION & REGULATORY CAPITAL

US Government Accountability Office Releases Report Regarding US Federal Financial Institution Regulator Compliance With the Regulatory Flexibility Act

On January 30, 2018, the US Government Accountability Office released a report that details the compliance of six US federal financial institution regulators (the US Board of Governors of the Federal Reserve System, the US Office of the Comptroller of the Currency, the US Federal Deposit Insurance Corporation, the US Securities and Exchange Commission, the US Commodity Futures Trading Commission and the US Consumer Financial Protection Bureau) with the requirements of the Regulatory Flexibility Act (RFA). Under the RFA, regulators must either consider a proposed rule or regulation's impact on smaller financial institutions and consider potential alternatives, or certify that the proposed rule or regulation will not have a significant impact on a large percentage of

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