In this issue:

- Bank Prudential Regulation & Regulatory Capital

- Bank Structure

- Compensation

- Consumer Protection

- Derivatives

- Enforcement

- Financial Market Infrastructure

- Recovery & Resolution

- People

- Events

- Excerpt from Bank Prudential Regulation & Regulatory Capital:

US Federal Reserve Board Issues Proposal on Clarifications to the Regulatory Capital Framework -

On November 18, 2014, the US Board of Governors of the Federal Reserve System (“Federal Reserve Board”), along with the Federal Deposit Insurance Corporation (“FDIC”) and Office of the Comptroller of the Currency (“OCC”), issued proposals to clarify the revised regulatory capital framework adopted in July 2013 applicable to “Advanced Approaches” banking institutions – generally those with $250 billion or more in total assets or $10 billion or more in foreign exposure. The proposals would make technical (but substantive) revisions that will make certain definitions clearer, correct technical errors, clarify the “Advanced Approaches” rule qualification requirements and more closely align the US rules with international rules...