Speaking on November 9 at the Brookings Institution, Fed Vice Chairman for Supervision Randal Quarles discussed some of the changes the Fed has
The Securities and Exchange Commission (the “SEC”) filed an action on February 13th in its continued effort to crack down on unregistered brokers. In
Yesterday, President Trump issued an Executive Order (the “Executive Order”) setting forth seven “Core Principles” to serve as the basis for the
Yesterday, President Trump issued an Executive Order (the "Executive Order") setting forth seven "Core Principles" to serve as the basis for the
On July 22, 2011, the U.S. Court of Appeals for the District of Columbia Circuit struck down Rule 14a-11 under the Exchange Act, which the SEC adopted last year to broaden “proxy access” for shareholders seeking to place their own nominees to boards of directors on a company’s proxy.
While Treasury Secretary Geithner warned against undermining efforts to stall or water down financial regulation, Senate Republicans are refusing to confirm nominees to crucial financial regulatory posts.
On Thursday, the Senate Banking Committee called all representatives of the Financial Stability Oversight Council (FSOC) to testify, ostensibly for an oversight hearing on Dodd-Frank implementation.
In July 2010, Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act").
Last week, U.S. Representatives and a group of large insurance companies sent letters to U.S. Treasury Secretary, Timothy Geithner, and other key lawmakers requesting that decisions affecting insurers under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) be postponed until all appointments are made to the newly created Financial Stability Oversight Council (the “Council”).
When fully implemented, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 promises, in President Obama's words, "clearer accountability in supervision and regulation so that financial firms can operate under a coherent set of rules and expectations," and "certainty to everybody, from bankers to farmers to business owners to consumers."