On September 15, 2008, Lehman Brothers declared bankruptcy, an event considered by many to mark the beginning of the credit crisis of 2008–2009 and the unprecedented public policy responses that followed. Much has been...more
Recent activity in Congress suggests that the return from the July 4th recess will see a continued push to reform the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”) before year’s end. This...more
On November 16, Senate Banking Committee (“SBC”) Chairman Mike Crapo (R-ID) introduced S. 2155, the “Economic Growth, Regulatory Relief and Consumer Protection Act,” long-awaited Senate legislation designed to foster economic...more
On June 8, the House passed H.R. 10, the “Financial CHOICE Act” (“FCA”), by a party-line vote of 233-186. The votes in opposition to the FCA consisted of all Democrats and one Republican, while only Republicans voted in...more
On April 19, 2017, House Financial Services Committee (“HFSC”) Chairman Jeb Hensarling (R-TX) released an updated version of the Financial CHOICE Act (“FCA 2.0”), a discussion draft that would reform the Dodd–Frank Wall...more
On June 23, 2016, House Financial Services Committee Chairman Jeb Hensarling (R-TX) released as a “discussion draft” legislative text of the Financial CHOICE Act (“FCA”), a proposal to reform the Dodd-Frank Wall Street Reform...more
On June 15, 2016, House Financial Services Committee Chairman Jeb Hensarling (R-TX) released a more detailed summary of the Financial CHOICE Act (“FCA”), a proposal to revisit the Dodd-Frank Wall Street Reform and Consumer...more
On June 7, 2016, House Financial Services Committee Chairman Jeb Hensarling (R-TX) released an executive summary of the Financial CHOICE Act (the “FCA”), his highly anticipated bill to revisit the Dodd-Frank Wall Street...more
6/17/2016
/ Basel III ,
Broker-Dealer ,
Consumer Financial Protection Bureau (CFPB) ,
Depository Institutions ,
Dodd-Frank ,
Employee Retirement Income Security Act (ERISA) ,
Federal Reserve ,
Fiduciary Duty ,
Financial Institutions ,
FSOC ,
Securities and Exchange Commission (SEC) ,
SIFIs
The 2008 credit crisis was the beginning of an era of unprecedented government management of the capital markets. July 21, 2015 marked the fifth anniversary of the hallmark congressional response, the Dodd-Frank Wall Street...more
8/19/2015
/ Capital Markets ,
Capital Markets Union ,
CFTC ,
Clawbacks ,
Consumer Financial Protection Bureau (CFPB) ,
Cross-Border Transactions ,
Derivatives ,
Dodd-Frank ,
EU ,
EURIBOR ,
European Commission ,
Executive Compensation ,
Financial Markets ,
Financial Regulatory Reform ,
FSB ,
FSOC ,
G-SIFI ,
Incentive Compensation ,
Investors ,
IOSCO ,
Libor ,
Liquidity Coverage Ratio ,
Nonbank Firms ,
Obama Administration ,
Over The Counter Derivatives (OTC) ,
Popular ,
Proxy Access Rule ,
Securities and Exchange Commission (SEC) ,
Security-Based Swaps
For over four years after enactment of the Dodd-Frank Act (“Dodd-Frank”), President Obama and the Democratic Senate successfully blocked any changes to that act. For example, in the 113th Congress, the House passed 26 bills...more
1/26/2015
/ Dodd-Frank ,
Form 10-K ,
JOBS Act ,
Legislative Agendas ,
Proposed Amendments ,
Regulation S-K ,
SBIC ,
Securities and Exchange Commission (SEC) ,
TRIA ,
Volcker Rule ,
XBRL Filing Requirements
During his first term, President Obama began an ambitious path of reforming the U.S. financial system with the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”). Over two years...more