Dodd-Frank Blog
SEC Adopts Rules Regarding Review of Assets in ABS Offerings
Public Companies and Securities The SEC has adopted new requirements in order to implement Section 945 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The new rules require any issuer registering the offer and sale of an asset-backed security, or ABS, to perform a review of the assets underlying the ABS. The SEC has also [...] Read more →
GAO Report: Regulation of Financial Planners is Adequate
Broker-Dealer, Insurance, Investment Advisers The United States Government Accountability Office, or GAO, has issued a report that responds to a mandate included in Section 919C of the Dodd-Frank Act that directed GAO to... Read more →
SEC Begins to Comment on Dodd-Frank Disclosures
Public Companies and Securities The SEC has begun to issue comments on Dodd-Frank disclosures included in SEC filings. While perhaps the comments to date are not great in number, they demonstrate the SEC is... Read more →
Interagency Working Group Releases Report on Oversight of Carbon Markets
Banking, Derivatives, Energy, Insurance A federal interagency working group, led by the CFTC and including representatives from the Department of Agriculture, Treasury, SEC, EPA, FERC, FTC, and DOE (EIA), has released a... Read more →
SEC Staff Concludes Insufficient Capacity to Examine Investment Advisers
Banking, Broker-Dealer, Investment Advisers, Private Equity Thus, the staff believes that the SEC likely will not have sufficient capacity in the near or long term to conduct effective examinations of registered investment advisers with... Read more →
Some Regulators Comply with Diversity Requirements of the Dodd-Frank Act
Banking, Employment The Federal Reserve announced the establishment of offices to promote diversity and inclusion at the Federal Reserve Board and at all 12 of the Federal Reserve Banks. The offices... Read more →
FSOC Issues Notice of Proposed Rulemaking Regarding Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies
Banking, Broker-Dealer, Insurance, Investment Advisers, Public Companies and Securities 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... Read more →
FDIC Board Approves Interim Final Rule on New Orderly Liquidation Authority
Banking The Board of Directors of the Federal Deposit Insurance Corporation, or FDIC, approved an interim final rule clarifying how the agency will treat certain creditor claims under the... Read more →
FSOC Study on Concentration Limit on Large Financial Institutions
Banking, Insurance 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,... Read more →