Financial Services Legislative and Regulatory Update -- July 22, 2013

In This Issue:

Leading the Past Week; Legislative Branch; Executive Branch; International; Miscellaneous; and Upcoming Hearings.

Excerpt from Leading the Past Week -

Yesterday marked the 3rd Anniversary of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Going into the fourth year, regulators continue to work towards implementation of the financial reforms with strong indications that most major rulemakings will be completed by the end of the year. For example, last week, in addition to finalizing the cross-border derivatives rules, regulators also hinted that several other key portions of the law could be finalized in coming months, including the CEO pay ratio rule at the Securities and Exchange Commission (SEC) and a re-proposed fiduciary definition at the Department of Labor (DOL). As the Dodd-Frank Act continues to be implemented in the aftermath of the financial crisis that prompted the reforms, Congress is now turning its focus on another major reform, this time focusing on the nation’s housing finance industry.

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Written by:


Mintz Levin - Public Finance Matters on:

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