Corporate and Financial Weekly Digest - October 25, 2013

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In this issue:

- SEC Proposes New Rules for Crowdfunding Exemption

- CFTC Provides Clarification for SD and MSP Employees Acting in Clerical or Ministerial Capacities

- CFTC Requests Public Comment on MAT Filings by Javelin and trueEX

- CFTC Extends Relief from De Minimis Exception to Certain Non-US Affiliates

- Southern District of New York Limits Dodd-Frank Whistleblower Protections to the United States

- Swiss National and Former Energy Executive Criminally Charged Under FCPA

- Agencies Issue Guidance on Troubled Debt Restructurings

- Federal Reserve Issues Proposed Liquidity Requirements; OCC and FDIC Expected to Follow

- Excerpt from: Federal Reserve Issues Proposed Liquidity Requirements; OCC and FDIC Expected to Follow:

On October 24, the Board of Governors of the Federal Reserve System, in an expected move, issued tough new liquidity requirements generally applicable to banks with assets over $250 billion and somewhat diluted liquidity requirements for banks over $50 billion. Banks with assets of less than $50 billion are exempt from the proposed rule. The liquidity proposal is based on a standard agreed to by the Basel Committee on Banking Supervision. The rule would also establish, according to the Federal Reserve, “an enhanced prudential liquidity standard consistent with section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.”

Please see full newsletter below for more information.

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Topics:  CFTC, Compliance, De Minimis Claims, FCPA, FDIC, Foreign Affiliates, OCC, SEC

Published In: Bankruptcy Updates, Criminal Law Updates, Finance & Banking Updates, Labor & Employment Updates, Securities 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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