Search results

Order by most recent / most popular / relevance

Results: 1-10 of 22

Latest on Supervisory Capital Assessment and Capital Assistance Programmes

Sidley Austin LLP
-
USA
-
May 22 2009

On May 6 2009 the Treasury Department, the board of governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency issued a joint statement announcing the imminent release of the Supervisory Capital Assessment Programme capital assessment of the 19 largest US bank holding companies and describing how those results should be understood

FinCEN proposed rule relating to money services businesses

Sidley Austin LLP
-
USA
-
May 18 2009

On May 12, 2009, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) released a proposed rule to revise FinCEN’s regulations regarding money services businesses (MSBs) under the Bank Secrecy Act (BSA

Treasury reveals financial regulatory reform initiative

Sidley Austin LLP
-
USA
-
May 15 2009

On March 26 2009 the Department of the Treasury outlined its framework for financial regulatory reform in a release and through Secretary of Treasury Geithner's testimony before the House of Representatives Committee on Financial Services

Agencies release FAQs on identity theft “red flags,” change of address and address discrepancies under the FACT Act

Sidley Austin LLP
-
USA
-
June 15 2009

On June 11, 2009, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Office of Thrift Supervision and the Federal Trade Commission (FTC) (collectively, the Agencies) released a set of Frequently Asked Questions (FAQs) to address certain recurring questions regarding compliance with the identity theft and red flags rules (Red Flag Rules), card issuer rules regarding change of address (Card Issuer Rules), and address discrepancy rules (Address Discrepancy Rules) implementing sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003

President issues memorandum regarding pre-emption

Sidley Austin LLP
-
USA
-
June 19 2009

On May 20 2009 President Barack Obama released a presidential memorandum setting out the administration's general policy with regard to federal pre-emption of state law by executive departments and agencies of the federal government

Agencies finalize GLBA privacy notice “model form”

Sidley Austin LLP
-
USA
-
October 27 2009

On October 20, 2009, the Federal Deposit Insurance Corporation ("FDIC") released a final interagency rule ("Final Rule") creating a "model form" for use in complying with the privacy policy requirements under the federal Gramm-Leach-Bliley Act ("GLBA") ("Model Form"

Federal Reserve proposes guidance regarding incentive compensation; announces supervisory reviews

Sidley Austin LLP
-
USA
-
October 30 2009

On October 22, 2009, the Board of Governors of the Federal Reserve System (the "Federal Reserve") issued proposed guidance to banking organizations designed to ensure that incentive compensation policies do not encourage excessive risk-taking

Regulatory developments regarding acquisitions of failed depository institutions

Sidley Austin LLP
-
USA
-
July 9 2009

This update summarizes recent developments from the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) regarding private capital investments in failed depository institutions

FDIC announces interim rule to extend its Temporary Liquidity Guarantee Program

Sidley Austin LLP
-
USA
-
March 19 2009

On March 17, 2009, the Federal Deposit Insurance Corporation ("FDIC") issued an interim rule (the "Interim Rule") which extends its Temporary Liquidity Guarantee Program ("TLGP") from June 30, 2009 to October 31, 2009 for all insured depository institutions participating in the debt guarantee program of the TLGP ("IDIs") and other participating entities; however, other participating entities that have not issued senior unsecured debt guaranteed by the FDIC under the TLGP ("TLGP debt") before April 1, 2009 are required to submit an application to and obtain approval from the FDIC to participate in the extended TLGP

Treasury releases information on Public-Private Investment Program

Sidley Austin LLP
-
USA
-
March 25 2009

On March 23, 2009, the Department of the Treasury released more information regarding its new Public-Private Investment Program, or "PPIP

next >