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FSB announces creation of Legal Entity Identifier Expert Group and industry advisory panel

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • January 27 2012

The Financial Stability Board (FSB), created under the auspices of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), announced last week the creation of a Legal Entity Identifier (LEI) Expert Group

SEC staff issues observations on MD&A and accounting policy disclosures of smaller financial institutions

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 27 2012

On April 20, the Division of Corporation Finance of the Securities and Exchange Commission issued guidance with respect to certain matters relating to management's discussion and analysis and certain accounting policies of smaller financial institutions

FASB issues proposed guidance regarding fair value measurements and impairments of securities

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • March 20 2009

On March 18, the Financial Accounting Standards Board issued two proposed staff positions (FSPs) on application guidance for fair value measurements and impairments of securities

OTS issues guidance regarding Regulation R

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • March 27 2009

On March 24, the Office of Thrift Supervision (OTS) released a memorandum to chief executive officers regarding Regulation R and bank brokerage activities

Office of Thrift Supervision reminds savings banks about responsibilities regarding credit losses and impairments

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • December 11 2009

On December 9, the Office of Thrift Supervision (OTS) issued a reminder regarding the importance of accurately accounting for credit losses or impairments of investments in the form of a CEO letter

Agencies extend comment period on risk retention proposed rulemaking

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 10 2011

Six federal agencies have approved and will submit a Federal Register notice that extends the comment period on the proposed rules to implement the credit risk retention requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act

FDIC Board releases proposed rule regarding executive compensation

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • February 11 2011

On February 7, the Federal Deposit Insurance Corporation (FDIC) released a proposed joint rule that will also be released by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Office of Thrift Supervision, the National Credit Union Administration, the Securities and Exchange Commission and the Federal Housing Finance Agency (the Agencies) regarding incentive-based compensation arrangements (Proposal

Financial Stability Oversight Council issues proposed rule on which non-bank financial companies will be subject to regulation

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 14 2011

On October 11, the Financial Stability Oversight Council (the Council) approved a second notice of proposed rulemaking (NPR) and proposed interpretive guidance on its authority to require supervision and regulation of certain nonbank financial companies

SEC's Division of Corporation Finance issues guidance regarding disclosure relating to exposures to certain European countries

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • January 13 2012

On January 6, the Division of Corporation Finance (the Division) of the Securities and Exchange Commission issued disclosure guidance, stating that it is "concerned about the risks to financial institutions that are SEC registrants from direct and indirect exposures" to European sovereign debt holdings

FinCEN seeks to strengthen customer due diligence requirements

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • March 2 2012

The Financial Crimes Enforcement Network on February 29 issued an advance notice of proposed rulemaking to solicit public comment on a wide range of questions pertaining to the possible application of an explicit customer due diligence obligation on financial institutions, including a requirement for financial institutions to identify beneficial ownership of their accountholders