In This Issue:
- Bank Regulators Release Stress Test Guidance for Larger Firms
- FDIC Unveils Plan to Prevent Economic Harm from Big Bank Failures
- Regulator May Not Call for Tighter Regulations of Wall Street
- Regulators Issue Statement on Stress Tests for Smaller Banks
- Britain, EU End Impasse, Release Capital Rules for Banks
- New Limits on Mandatory Arbitration for Consumers Possible
- Small Banks Having Hard Time Paying Back TARP Money, Report Says
- Companies Could Suffer from "Too Big to Fail" Regulations
- Small Banks Unaffected by Battle Over Swipe Fees
- Excerpt from Bank Regulators Release Stress Test Guidance for Larger Firms:
Bank regulators from multiple agencies released guidance for firms with more than $10 billion in assets for self-testing their portfolios against adverse economic scenarios, emphasizing the role of “strong internal governance.” The guidance is separate from stress-testing requirements in the Dodd-Frank Wall Street Reform and Consumer Protection Act and the annual capital planning stress tests performed by the Fed.
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Finance & Banking Updates, Securities Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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