by David Schwartz J.D. CPA, Executive Director | Jan 16, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies, Procedural Changes
On December 20, 2011, the Federal Reserve Board of Directors published its long awaited proposal on enhanced prudential standards and early remediation requirements. This proposal, required by the Dodd-Frank Act, would impose greater levels of regulation and...
by David Schwartz J.D. CPA, Executive Director | Jan 15, 2012 | All, Formal Regulatory Remedies, Procedural Changes
In a December 23, 2011 approval order in connection with the proposed acquisition of RBC Bank (USA), a North Carolina based unit of Royal Bank of Canada, by The PNC Financial Services Group, Inc. includes the FRB’s first ever Dodd-Frank financial stability...
by David Schwartz J.D. CPA, Executive Director | Jan 13, 2012 | All, Formal Regulatory Remedies
At its January 11 meeting, the CFTC adopted final business conduct standards for swap dealers and major swap participants. These rules were proposed in December of 2010, and have garnered much attention and significant comment from the industry.These rules govern how...
by David Schwartz J.D. CPA, Executive Director | Dec 26, 2011 | All, Formal Regulatory Remedies, Procedural Changes
The Basel Committee on Banking Supervision has issued for consultation its revised Core Principles for Effective Banking Supervision. The consultative paper updates the Committee’s 2006 Core Principles document as well as the associated Core Principles...
by David Schwartz J.D. CPA, Executive Director | Dec 25, 2011 | All, Formal Regulatory Remedies
Treasury, the Fed, the FDIC, and the SEC have announced an extension of the comment period on the proposed regulations implementing the Dodd-Frank Act’s Volcker Rule provisions. Originally set to expire on January 13, 2012, the comment period has been extended a...
