On March 3, 2010, the Department of the Treasury delivered to the Hill proposed legislative text to implement the “Volcker Rule” announced by the Obama Administration on January 21st....
President Barack Obama’s announcement that his Administration would seek to limit both the activities and size of U.S. financial institutions (the “Obama Proposal”) immediately gene...
President Barack Obama unveiled plans to propose a financial crisis responsibility tax that would be levied on the largest financial institutions in terms of assets for at least the next ...
After a sharply divided vote of 3-2, the FDIC Board voted to request public comment on whether compensation policies should be incorporated as a factor in the risk-based insurance premium...
For the second time since adopting its Final Statement of Policy for Failed Bank Acquisitions (the “Policy Statement”), the FDIC has issued “Questions and Answers” (the “Revised...
What follows is a summary of the Wall Street Reform and Consumer Protection Act passed by the House of Representatives on December 11, 2009. The Act, like Senate Banking Committee Chairma...
This summary compares the Restoring American Financial Stability Act of 2009, referred to as the “Dodd bill,” with various other legislative proposals.
The legislative season for financial regulatory reform is now in full swing. In the last two weeks, the leadership of the House Financial Services Committee and Treasury have jointly prop...
The SEC staff has issued Staff Legal Bulletin No. 14E which revises its historical positions on the exclusion under Rule 14a-8(i)(7) of shareholder proposals related to risk evaluation an...
The Federal Reserve proposed on October 22 a new regulatory framework that would for the first time put compensation practices at the heart of the U.S. financial regulatory regime. The pr...
