Posts from Steve Quinlivan

FSOC Issues Notice of Proposed Rulemaking Regarding Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies


The Dodd-Frank Act mandated that the Financial Stability Oversight Council, or FSOC, ensure that all financial companies whose failure could pose a threat to the financial stability of the United States – not just banks – will be subject to strong oversight. Using the considerations set forth in the Dodd-Frank... Read More

Topics: Banking, Broker-Dealer, Insurance, Investment Advisers, Public Companies and Securities

FSOC Study on Concentration Limit on Large Financial Institutions


Section 622 of the Dodd-Frank Act establishes a financial sector concentration limit that would prohibit a financial company from merging or consolidating with, or acquiring, another company if the resulting company’s consolidated liabilities would exceed 10 percent of the aggregate consolidated liabilities of all financial companies.  This concentration limit is... Read More

Topics: Banking, Insurance

FSOC Releases Study on Volcker Rule


As mandated by the Dodd-Frank Act, the Financial Stability Oversight Council, or FSOC, conducted a study on how best to implement Section 619 of the Dodd-Frank Act (commonly known as the “Volcker Rule”).  The FSOC’s study puts forward recommendations designed to effectively and comprehensively implement the Volcker Rule in a... Read More

Topics: Banking, Private Equity

SEC Amends Rules of Practice for SROs


Section 916 of the Dodd-Frank Wall Street Reform and Consumer Protection Act  amended Section 19(b) of the Securities Exchange Act of 1934, or Exchange Act, which governs the handling of proposed rule changes submitted by self-regulatory organizations, or SROs.  Among other things, the Dodd-Frank Act’s amendments to Section 19 of... Read More

Topics: Public Companies and Securities

Bill to Repeal the Dodd-Frank Act


Representative Michelle Bachman has introduced the following legislation to repeal the Dodd-Frank Act: 112th CONGRESS  1st Session H. R. 87 To repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act. IN THE HOUSE OF REPRESENTATIVES January 5, 2011  Mrs. Bachmann (for herself, Mr. McClintock, Mr. Posey, Mr. Akin, and... Read More

Topics: Uncategorized