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The Repeal of Section 716 of the Dodd-Frank Act Section 716, the "push out" rule (Dodd-Frank Act of 2010) was repealed as part of the budget bill late last year. There seems to be confusion as to what Section 716 was or why repeal This...

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...