SEC Proposals to Enhance Investment Company and Investment Adviser Reporting: As we went to press, the SEC commissioners announced that they had voted to approve two proposals. The first was for new and amended rules and...more
5/22/2015
/ Banks ,
Community Banks ,
Conflicts of Interest ,
Department of Labor (DOL) ,
Enforcement Actions ,
Fiduciary Duty ,
Investment Adviser ,
Investment Funds ,
Morgan Stanley ,
OCIE ,
Private Equity Funds ,
Securities and Exchange Commission (SEC) ,
Volcker Rule
FDIC Study Shows Branch Banking Has Staying Power: Has your smartphone displaced your bank? According to an FDIC study released on February 19, traditional brick-and-mortar offices are maintaining their primacy, despite...more
2/26/2015
/ Advertising ,
Banks ,
Brokers ,
Compliance ,
Employee Retirement Income Security Act (ERISA) ,
FBAR ,
FDIC ,
Financial Analysts ,
Financial Industry Regulatory Authority (FINRA) ,
FinCEN ,
Mobile Banking ,
NASD ,
OCC ,
Registered Funds ,
Securities and Exchange Commission (SEC)
Editor’s Note:
Spotlight on the Credit Risk Retention Rule: The OCC, Federal Reserve Board, FDIC, SEC, FHFA and HUD announced the adoption of a joint final rule (the Rule) to implement the credit risk retention...more
12/31/2014
/ Asset-Backed Securities ,
Banking Sector ,
Banks ,
Dodd-Frank ,
Enforcement Actions ,
Final Rules ,
Investment Adviser ,
OCIE ,
Prudential Regulation Authority (PRA) ,
Risk Retention ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act
The Day After: There are still a few undecided races but we know that Republicans will control the House and the Senate in the next session of Congress. This may provide an opportunity for more bipartisan legislation in the...more
Editor’s Note:
Bank Regulators Again Looking at Incentive Compensation and Excessive Risks. Federal Reserve Board Governor Daniel Tarullo and New York Federal Reserve President William Dudley spoke on October 20 at a...more
10/23/2014
/ Arbitration ,
Arbitrators ,
Banks ,
CFTC ,
CPOs ,
DSIO ,
Enforcement Actions ,
Falsified Documents ,
Federal Reserve ,
Financial Industry Regulatory Authority (FINRA) ,
Insider Trading ,
No-Action Relief ,
Securities and Exchange Commission (SEC)
Editor’s Note -
Looking Ahead: December 1 Effective Date for FINRA Consolidated Supervision Rules. The new FINRA Supervision rules, approved by the SEC in December 2013, become effective on December 1, 2014. The new...more
10/21/2014
/ Asset-Backed Securities ,
Banks ,
Broker-Dealer ,
DPPs ,
Federal Reserve ,
Financial Industry Regulatory Authority (FINRA) ,
ISDA ,
ISDA Master Agreement ,
NASD ,
REIT ,
Securities and Exchange Commission (SEC)
Editor’s Note:
Spotlight on the Federal Reserve and CSBS 2014 Community Banking Report. On September 24 the Federal Reserve and the Conference of State Bank Supervisors (CSBS) announced the release of their report,...more
The SEC’s final Municipal Advisor Rules, effective January 13, 2014, apply to many of the advisory services and products provided by banks and trust companies to municipal entities, such as state and local governments, and to...more