Regulation

REGULATIONS ARE BOUNDARIES Rules are important. Regulations are important. Integrity in finance is also important.  Boundaries of acceptable actions are important. Just as the rules guiding the behavior of a child, regulations are boundaries for adults. Telling a child they have to finish their meal and if they don’t finish, they...

THE REPEAL OF SECTION 716 OF THE DODD-FRANK ACT Section 716 of the Dodd-Frank Act of 2010 was repealed as part of (read: buried deep into) the budget bill late last year. There seems to be confusion as to what the repeal means.  This blog will define...

WHATS THE DIFFERENCE BETWEEN FINANCIAL SERVICE COMPANIES When I consider the FSOC’s SIFI Designation for non-banks, the Difference Between Banks & Insurance Companies, I’m reminded of the joke: A: “Do you know the difference between an elephant and a dozen eggs?” B: “No, what’s the difference?” B: "Well if you don’t know,...

Davis Polk’s Dodd Frank Progress Report Those insightful, intelligent people at Davis Polk continue to put out some of the most concise and readable information on Dodd Frank. 4th Anniversary Progress Report Enjoy their four year Anniversary Edition of their Dodd-Frank 4th Anniversary Progress Report...

6 KEY BANKS SIGNED UP FOR GLOBAL KYS REGISTRY Swift, the global messaging system, has entered into a memorandum of understanding with six key banks (Bank of America Merrill Lynch, Citibank, Commerzbank, JPMorgan, Societe Generale & Standard Chartered) to develop Swift’s KYC (Know Your Customer) Registry. The KYC Registry...