Regulation and Compliance
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Grassley Hits Higher Subsidies On BABs
March 11, 2010The top Republican tax-writer in the Senate yesterday warned colleagues that provisions in the House-passed jobs bill that offer high subsidy rates for Build America Bond-type programs would allow Wall Street banks to pocket more in underwriting fees.
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As Crisis Wanes, AML Issues Returning to the Forefront
March 11, 2010After years out of the spotlight due to the financial crisis, anti-money-laundering issues returned to Capitol Hill on Wednesday as lawmakers raised renewed concerns about the supervision of money-services businesses.
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Buzz Over Regulatory Reform Blankets ABA Conference
March 10, 2010A total of four sessions at the conference were focused on regulations and fiduciary responsibility and speculation swirled about who would be affected and how.
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MSRB Set to Move on SHORT System
March 10, 2010The Municipal Securities Rulemaking Board is expected to file long-awaited rule changes with the Securities and Exchange Commission that would implement the final phase of its transparency system for auction-rate securities and variable-rate demand obligations.
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Dodd Hopeful as Talks Go On
March 10, 2010Senate Banking Committee Chairman Chris Dodd said Tuesday that he continues to hope for a strong bipartisan regulatory reform bill, but he offered no fresh details on developments in negotiations.
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Capital Gem May Lie in Crisis Rubble
March 10, 2010Tarp warrants could spawn a new source of funds for banks
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Regulatory Actions Hit a Record Level in '09
March 10, 2010Bank regulators issued 1,143 formal enforcement actions against banks and their holding companies last year, a new record and more than double the 2008 tally.
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Morgan Keegan Faces Losses from Bond Fund Arbitrations
March 9, 2010But the Regions wealth management unit refuses to roll over.
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Frank to Banks: Write Down Second Mortgages
March 9, 2010House Financial Services Chairman Barney Frank urged four of the nation's top banks to adopt principal writedowns on second-lien mortgages to allow borrowers to keep their homes.
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Obscure Provision In Reg Reform May Have Big Impact
March 8, 2010A little-noticed provision tucked into regulatory reform legislation by the Treasury Department is causing a furor among large institutions, which say it would effectively ban all derivative transactions between banks and their affiliates.
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Insurers Wary of Resolution Fee
March 5, 2010As the Senate Banking Committee considers reform of the nation’s financial regulatory system, the American Insurance Association is seeking to amplify the distinctions between insurers and other financial services firms.
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ICBA Objects to Treasury as Head of Systemic Council
March 5, 2010The Independent Community Bankers of America sent a letter Thursday to top Senate Banking Committee leaders raising concerns about rumored plans to name the Treasury Secretary as head of a proposed systemic risk council.
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