In this issue:
- CFTC Grants Relief to CTAs and IAs from Swap Block Trade Aggregation Prohibition
- Sixth Circuit Affirms Decision to Enforce Arbitration Provision in Retiree Benefit Dispute
- Third Circuit Holds that District Court Improperly Excluded Expert Testimony in Securities Fraud Case
- Agencies Seek Comment on Dodd-Frank Act Stress Test Guidance for “Medium-sized” Banking Firms
- Excerpt from: Agencies Seek Comment on Dodd-Frank Act Stress Test Guidance for “Medium-sized” Banking Firms:
On July 30, three federal bank regulatory agencies, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (Agencies), sought comment on proposed guidance describing supervisory expectations for stress tests conducted by financial companies with total consolidated assets between $10 billion and $50 billion. These medium-sized companies are required to conduct annual company-run stress tests beginning this fall under rules the agencies issued in October 2012 to implement a provision in the Dodd-Frank Wall Street Reform and Consumer Protection Act. To help these companies conduct stress tests appropriately scaled to their size, complexity, risk profile, business mix and market footprint, the Agencies are proposing guidance to provide additional details tailored to these companies.
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Topics: Aggregation Rules, Arbitration Agreements, Banks, Block Trades, CFTC, CTA, Dodd-Frank, Employee Benefits, Expert Testimony, Fraud, Retirement Plan, Swaps
Published In: Alternative Dispute Resolution (ADR) Updates, Business Torts Updates, Civil Procedure Updates, Finance & Banking 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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