Title VIII

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 »

The Federal Reserve is seeking comment on a proposed rule setting forth the conditions and requirements for a Federal Reserve Bank to open and maintain accounts for systemically important financial market utilities. In addition, the proposed rule would authorize a Reserve Bank to pay interest on the balances maintained by a designated FMU. Read on for the details. Read on »

The Financial Stability Oversight Council will discuss proposed recommendations regarding money market mutual fund reform, according to the Treasury Department. Read on to learn about the reform plan advanced by FSOC Chairman Tim Geithner. Read on »

The Securities and Exchange Commission adopted a rule that establishes standards for how registered clearing agencies should manage their risks and run their operations. Read on for the details. Read on »

The chairman of FSOC wants the financial stability panel to resurrect the SEC’s scuttled attempt to overhaul money market mutual funds. Treasury Secretary Tim Geithner called on fellow FSOC members to consider numerous possible reform options and issue a recommendation to the SEC under a process set forth in the Dodd-Frank Act. Read on »

The Federal Reserve approved a final rule establishing risk-management standards for financial market utilities designated as systemically important by the Financial Stability Oversight Council. The final rule also establishes requirements for advance notice of proposed material changes to the rules, procedures, or operations of certain designated FMUs. Read on to learn what changes the Fed made in the final rule. Read on »

The Financial Stability Oversight Council voted to designate eight entities involved in clearing and settling financial transactions as systemically important, opening the door for enhanced government requirements and scrutiny. Read on for details. Read on »

Hailed by some, vilified by others, the Dodd-Frank Act turns two on July 21. In a three-part series, Dodd Frank Update takes an in-depth look at the act, where we’ve been and where we’re going. Read on to learn about regulators’ early efforts to implement key provisions of the act, including the creation of the Consumer Financial Protection Bureau. Read on »

The more than $2 billion trading loss suffered by JP Morgan Chase & Co. was the prime topic of discussion as the Senate Banking Committee launched a series of hearings on the rollout of the Dodd-Frank Act. Lawmakers quizzed the leaders of the Securities and Exchange Commission and the Commodity Futures Trading Commission on the JP Morgan matter, and its possible impact on the eventual scope of the Volcker Rule and the cross-border application of Dodd-Frank’s derivatives provisions. Read on »

The Commodity Futures Trading Commission, the Securities and Exchange Commission and the Board of Governors of the Federal Reserve System came together to submit a report to the Senate Banking and House Financial Services Committees highlighting certain aspects of the risk management supervision of designated clearing entities listed in the Dodd-Frank Act. Read on to learn more about the report. Read on »