Federal Reserve FBO proposal: will comments on the intermediate holding company requirement be heeded? *

USA - May 2 2013
The comment period has now closed on the controversial proposed rule (FBO Proposal) of the Board of Governors of the Federal Reserve System (Board)…

Co-authors: Arthur S. Long, C.F. Muckenfuss III, Colin C. Richard, Alexander G. Acree.

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New agency guidance on resolution plans of U.S. and foreign banking organizations: moving to the hard questions *

USA - April 22 2013
On April 15, 2013, the Board of Governors of the Federal Reserve System (Federal Reserve) and the Federal Deposit Insurance Corporation (FDIC) issued…

Co-authors: Arthur S. Long, C.F. Muckenfuss III, Colin C. Richard, Alexander G. Acree.

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FSOC designation: consequences for Nonbank SIFIS *

USA - April 11 2013
Treasury officials have recently suggested that the Financial Stability Oversight Council (FSOC) may soon designate the first round of systemically…

Co-authors: Arthur S. Long, C.F. Muckenfuss III, Colin C. Richard, Alexander G. Acree.

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Mobile payments: the evolving legal landscape *

USA - June 12 2012
Mobile payments are becoming increasingly common as consumers move toward shopping and banking wirelessly.

Co-authors: James Barabas , Lois F. Herzeca.

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Federal agencies release joint statement of policy clarifying that banking entities covered by the Volcker Rule have two years to end prohibited proprietary trading or private equity fund or hedge fund activities *

USA - April 19 2012
On Thursday, April 19, 2012, the Federal Reserve Board ("Fed"), the Office of the Comptroller of the Currency ("OCC"), the Federal Deposit Insurance Corporation (the "FDIC"), the Securities and Exchange Commission ("SEC") and the Commodity Futures Trading Commission ("CFTC" and, with the other agencies, the "Federal Agencies") issued a joint release announcing that the Fed has approved a statement clarifying that entities covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Volcker Rule") have until at least July 21, 2014 to conform their activities and investments to prohibitions imposed by the Volcker Rule on proprietary trading and hedge fund and private equity funds activities.

Co-authors: Michael D. Bopp , C.F. Muckenfuss III.

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