All Rules & Proposals articles – Page 38
-
Blog
CFTC plan to access source code slammed as regulatory overreach
To improve oversight of high-speed, automated trades the CFTC has a plan to access the source code that powers them. Critics say the idea undermines due process and has unnerving implications for how other regulators obtain data.
-
Blog
SEC announces agenda, panelists for FinTech forum
The SEC will hold a daylong forum on the evolving use of FinTech in financial services and what it may mean for investors.
-
Blog
FinCEN wants cyber-attack data in SARs
New guidance from the Financial Crimes Enforcement Network addresses the inclusion of information about both attempted and successful cyber-attacks in Suspicious Activity Reports.
-
Blog
Wells Fargo scandal prompts senators to focus on clawbacks, KPMG
Still responding to the Wells Fargo scandal, Senate Democrats are urging tougher clawback rules and grilling KPMG over its “failure to identify illegal activity when it audited the bank’s financial statements.” Joe Mont reports.
-
Blog
A post-TARP proposal: Make CEOs certify banks are fraud-free
Amid demands for Wall Street prosecutions, a proposal by the special inspector general for the Troubled Asset Relief Program would force top bank executives to certify that their institutions are free of criminal conduct and civil fraud. Joe Mont has more.
-
Blog
SEC adopts intrastate offering rules, expands Reg D
The SEC has adopted rules that modernize how companies can raise money through intrastate offerings. It also increased the current Regulation D limit on offerings from $1 million to $5 million.
-
Blog
Texas court blocks ‘blacklisting’ rule for federal contractors
A federal court in Texas has agreed to an emergency injunction that halts implementation of a so-called contractor “blacklisting” rule requiring that federal contractors disclose labor law violations. Joe Mont reports.
-
Article
SEC brings more bank-like regulation to mutual funds
Mutual funds and ETFs face new disclosure requirements and redesigned liquidity risk management programs under a new SEC rule targeting systemic risk. Joe Mont has more.
-
Blog
New guidance delves into pay ratio disclosure dilemmas
It may not cure the many headaches regarding compliance with the SEC’s pay ratio disclosure rule, but there is new guidance from the SEC for boards and CCOs to mull over. Joe Mont reports.
-
Blog
Banks may face enhanced cyber-risk management rules
Federal bank regulators are considering a slate of enhanced cyber-security, risk management, and resiliency standards. The new rules would apply to directors and auditors. Joe Mont reports.
-
Blog
Theresa May: Champion of the workers, poor, and oppressed?
Paul Hodgson provides an in-depth look at Conservative Prime Minister Theresa May’s comments during the Conservative Party conference this month and what they mean for Britain’s future.
-
Article
CFPB’s legal setback goes beyond constitutionality
A successful legal challenge against the constitutionality of the CFPB doesn’t mean it will go away anytime soon. It should, however, prompt companies to rethink dealings with the agency. Joe Mont has more.
-
Blog
NYDFS cracks down on bank incentive programs
In response to the troubles at Wells Fargo, New York’s Department of Financial Services has issued guidance on incentive programs at the banks it regulates. Joe Mont reports.
-
Blog
Rumble in the Beltway: Warren demands that SEC chair be fired
More sparring: Joe Mont reports on the ongoing war of words between Sen. Elizabeth Warren (D-Mass.) and Mary Jo White that has reached a new apex, with a demand that President Obama fire the SEC chairman.
-
Article
Amid rate debates, Federal Reserve maintains a regulatory drumbeat
Arguments over monetary policy may dominate Federal Reserve discussion, but aside from that its influence as a regulator keeps growing. Joe Mont looks at how Chair Janet Yellen’s report to Congress went down.
-
Blog
A gut-punch for the CFPB: Court rules independent director is unconstitutional
A 2-1 ruling by a judicial panel of the U.S. Court of Appeals for the D.C. Circuit says that the Consumer Financial Protection Bureau, as currently composed, is unconstitutional. Joe Mont has more.
-
Blog
Amid Hurricane Matthew, banks reminded of post-disaster best practices
With Hurricane Matthew charting a destructive path aloong the U.S. coastline, the Office of the Comptroller of the Currency has some pre- and post-disaster guidance for affected banks. Joe Mont reports.
-
Blog
OCC crafts guidance on correspondent banking risk
The Office of the Comptroller of the Currency has issued risk management guidance that addresses periodic reevaluations of the risks associated with foreign correspondent banking accounts. More from Joe Mont.
-
Blog
Illinois is latest state to ban business with Wells Fargo
Illinois State Treasurer Michael Frerichs has suspended $30 billion in investment activity with Wells Fargo, joining California in taking punitive actions against the bank in response to its recent troubles.
-
Blog
Say goodbye to 'Tandy' language in comment letters
Tandy representations—an attestation that comment letter reviews by SEC staff cannot be used as a legal defense—are no longer needed in filings, according to new guidance from the Division of Corporation Finance.