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  • US Federal Agencies Adopt Final Rule To Exclude Community Banks From The Volcker Rule

    Date 09/07/2019

    Five federal financial regulatory agencies announced on Tuesday that they adopted a final rule to exclude community banks from the Volcker Rule, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act.

  • CFTC Staff Issues Advisory Clarifying $50 Million Initial Margin Threshold And Documentation Requirements

    Date 09/07/2019

    The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a Staff Advisory noting that CFTC’s uncleared swap margin rules do not require documentation governing the posting, collection and custody of initial margin until the initial margin threshold amount exceeds $50 million.  The Advisory is issued in furtherance of the March 2019 statement by the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) concerning initial margin implementation.

  • US Federal Agencies Simplify Regulatory Capital Rules

    Date 09/07/2019

    The federal bank regulatory agencies today issued a final rule that reduces regulatory burden by simplifying several requirements in the agencies' regulatory capital rules.

  • Statement On The Retirement Of Chief Justice Strine, SEC Commissioner Robert J. Jackson Jr., July 9, 2019

    Date 09/07/2019

    Chief Justice Leo Strine has announced his retirement after two decades of service on Delaware’s courts. He has been an extraordinary jurist and public servant, leading the Nation’s crucial corporate-law jurisdiction with expert judgment and wisdom. More than that, the Chief Justice is an intellectual leader, on the cutting edge of how best to protect the American families who rely upon our companies to build a sustainable future. I have always looked to Leo as a guiding light and leader in understanding how business law best serves ordinary Americans. On behalf of the Nation’s investors, I thank the Chief Justice for his exceptional public service—and look forward to his continued contributions to the development of American corporate law.

  • Federal Reserve System White Paper Examines The Effects Of Synthetic Identity Payments Fraud

    Date 09/07/2019

    Synthetic identity payments fraud is a fast-growing but little-understood problem that affects individuals, financial institutions, government agencies, and private industry. The severity of this type of fraud is documented in a new white paper (PDF) released today by the Federal Reserve System.