In this issue:

- Bank Prudential Regulation & Regulatory Capital

- Derivatives

- Recovery & Resolution

- Shadow Banking

- People

- Events

- Excerpt from Bank Prudential Regulation & Regulatory Capital:

U.S. Federal Agencies Jointly Release Final Risk Retention Rule -

On October 23, 2014, six federal agencies – the U.S. Securities and Exchange Commission (“SEC”), Office of the Comptroller of the Currency (“OCC”), Board of Governors of the Federal Reserve System (“Federal Reserve Board”), Federal Deposit Insurance Corporation (“FDIC”), Department of Housing and Urban Development (“HUD”) and the Federal Housing Finance Agency (“FHFA”) – jointly adopted final risk retention rules imposing 5% risk retention, or “skin-in-the-game,” requirements for securitizations.