Regulation

REGULATIONS ARE BOUNDARIES Rules are important. Regulations are important. Boundaries of acceptable actions are important.  Enforcing Wall Street Reform is the difference between real change and lip service. Just as the rules guiding the behavior of a child, regulations are boundaries. Boundaries with children, like telling a...

POINT-COUNTERPOINT: THE REPEAL OF DODD-FRANK SECTION 716 Section 716, the "push out" rule, of the Dodd-Frank Act of 2010 was repealed as part of (read as: buried deep into) the budget bill late last year. There seems to be confusion as to what the repeal means....

WHAT’S THE DIFFERENCE BETWEEN FINANCIAL SERVICE COMPANIES? When I consider the FSOC’s SIFI Designation for non-banks, I'm reminded of two things – the difference between banks & insurance companies, and the joke: “Do you know the difference between an elephant and a dozen eggs?”  “No, what’s the difference?” "Well,...

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 the 4-Year Anniversary Edition of Polk’s Dodd-Frank Progress Report....

6 KEY BANKS SIGNED UP FOR GLOBAL KYC 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...

Dodd-Frank Status Report – Regulatory Updates From a rulemaking aspect, the best source for information for Dodd-Frank Status Reports have been the law firms that specialize in compliance. View Davis Polk’s Dodd-Frank Progress Report Morrison & Foerster also has a summary document: The Dodd-Frank Cheat Sheet Dodd-Frank Status Report...