Dodd-Frank Banking
FDIC Commences Roundtable Discussions on the Dodd-Frank Act
Banking In connection with the implementation of the Dodd-Frank Act, the FDIC announced a series of roundtable discussions with external parties. The first discussion was held on August 31, 2010, and the agenda for the meeting was focused on the new resolution authority provided in the Dodd-Frank Act for the largest financial firms. The FDIC will [...] Read more →
CFTC Issues Final Rules on Retail Forex Trading
Banking, Insurance, Public Companies and Securities The U.S. Commodity Futures Trading Commission has issued regulations concerning off-exchange retail foreign currency transactions. The rules implement provisions of the Dodd-Frank... Read more →
CFTC Seeks Across-the-Board Public Input on Rules
Banking, Derivatives, Energy, Insurance As the CFTC gears up to implement the Dodd-Frank Act through the more than 60 rulemakings required of it over the next eleven months, it has taken the unusual step of publishing a... Read more →
SEC Warns Rating Agencies
Banking, Litigation, Public Companies and Securities The Securities and Exchange Commission today issued a report cautioning credit rating agencies about deceptive ratings conduct and the importance of sufficient internal controls... Read more →
Whistleblower claims begin
Banking, Employment, Litigation, Public Companies and Securities In a comment letter recently sent to the SEC, one firm describes how in a span of just 10 days it had already “filed several whistle-blower complaints with the SEC, pursuant to... Read more →
CFTC and SEC Roundtable Contentious
Banking, Energy, Insurance, Public Companies and Securities As we noted, the SEC and CFTC held a joint roundtable on August 20, 2010 addressing governance and conflicts of interest on clearing and listing of swap transactions. Gary... Read more →
Fiduciary Duty Rulemaking Looms for Brokerage Industry
Banking, Litigation, Public Companies and Securities An article in yesterday’s Wall Street Journal provides a good, short overview of the issues and differing viewpoints surrounding the SEC’s upcoming broker-dealer... Read more →
Here Comes Proxy Access
Banking, Insurance, Public Companies and Securities The SEC has announced that it will “consider” the adoption of proxy access rules on August 25, 2010. It is probably a safe bet that when they are done “considering” the... Read more →
Federal Reserve System Issues Proposed Rule on Jumbo Mortgage Loans
Banking The Federal Reserve Sytsem has issued a proposed rule under Regulation Z issued pursuant to the Truth in Lending Act. The proposed rule would implement Section 1461 of the... Read more →
SEC and CFTC to Hold Roundtable on Governance and Conflicts of Interest in Clearing and Listing of Swaps
Banking, Energy, Insurance, Public Companies and Securities On August 20, 2010, commencing at 9:00 a.m. and ending at 12:00 p.m., staff of the SEC and CFTC (the “Agencies”) will hold a public roundtable discussion at which... Read more →