SEC

The Securities and Exchange Commission voted to propose rules and interpretive guidance for parties to cross-border security-based swap transactions. The commission also voted to reopen the public comment period for all rules not yet finalized, stemming from Title VII of the Dodd-Frank Act. Read on for the details. Read on »

The federal panel tasked under the Dodd-Frank Act with identifying and addressing threats to U.S. financial stability released its third annual report. The comprehensive report from the Financial Stability Oversight Council provides an update on financial reform efforts and addresses a range of topics from the wholesale funding markets, to mortgage and housing finance reform, to the dangers posed by interest rate and operational risks. Read on to learn about the report and the risks identified by the FSOC. Read on »

The Government Accountability Office is urging the Securities and Exchange Commission to beef up its internal supervisory controls after the GAO identified numerous deficiencies in controls it tested. Read on to learn about the deficiencies and what the GAO said the SEC should do to address the issues it found. Read on »

Former federal prosecutor and securities lawyer Mary Jo White was sworn in as the 31st chair of the Securities and Exchange Commission on April 10. Despite vocal opposition from some quarters, White’s Senate confirmation was relatively painless. However, tension over another key nomination is still ramping up. Read on for the details. Read on »

Financial institutions and creditors under the enforcement jurisdiction of the Commodity Futures Trading Commission and the Securities and Exchange Commission will be required to develop written identity theft prevention programs under joint rules and guidance released by the agencies on April 10. Read on to learn about the rule. Read on »

Overhauling the Consumer Financial Protection Bureau’s leadership structure, improving regulatory coordination and repealing the Volcker Rule are among the items included in a broad package of Dodd-Frank tweaks suggested by the U.S. Chamber of Commerce. Read on to learn about the chamber’s new “Fix, Add, Replace Agenda” for financial reform. Read on »

The U.S. Senate Committee on Banking, Housing and Urban Affairs hammered home concerns about the structure and accountability of the Consumer Financial Protection Bureau and the slow pace of rulemaking at the Securities and Exchange Commission, during confirmation hearings for the two leadership posts on March 12. While CFPB Director Richard Cordray earned bipartisan praise for his work to date, Senators on both sides took the opportunity to vocalize their positions on the ongoing controversy surrounding... Read on »

Institutions facing challenging operating conditions must resist the temptation to take inappropriate risks in their hunt for earnings. That was one of admonitions regulators from the Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and Federal Reserve had for smaller institutions during the Independent Community Bankers of America National Convention and Techworld in Las Vegas. Read on to learn about the top issues examiners are seeing at community banks. Read on »

The Securities and Exchange Commission is stepping into a contentious debate over the regulation of broker-dealers and investment advisers. The agency recently requested data and other information to assist regulators in considering whether to make new rules about the standards of conduct and regulatory obligations for broker-dealers and investment advisers. The SEC is particularly interested in the potential impact of creating a uniform fiduciary standard of conduct applicable to all investment advisers... Read on »

The Securities Exchange Commission published its examination priorities for 2013, which cover a wide range of issues at financial institutions, including broker-dealers, clearing agencies, exchanges and self-regulatory organizations, investment companies, hedge funds and private equity funds and transfer agents. Read on to learn about the SEC’s Dodd-Frank Act-related examination plans. Read on »