After many years of negotiations with the SEC staff, FINRA recently proposed for comment Rule 3190 to clarify the scope of the obligations and supervisory responsibility of member firms f...
Requiring systemically important financial institutions to prepare living wills has the potential to be one of the most effective tools in improving risk management, reducing systemic ris...
Davis Polk is pleased to announce the first installment of the “Davis Polk Dodd-Frank Rulemaking Progress Report.” This short presentation, to be issued monthly, uses empirical data t...
Yesterday seven federal agencies jointly finalized a proposed rule under Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that would subject financial institut...
A proposed rule issued under Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act would subject financial institutions with $1 billion of assets to substantive and...
The final regulations implement the conformance period during which banking entities must bring their activities, investments and relationships into compliance with the prohibitions and r...
On February 8, 2011, the Board of Governors of the Federal Reserve System (the “Board”) issued a notice of proposed rulemaking and request for comment setting forth suggested definiti...
On January 21, 2011, the Securities and Exchange Commission released its much anticipated staff study on the effectiveness of the standards of care required of broker-dealers and investme...
As required by the Dodd-Frank Act, the Financial Stability Oversight Council (the “FSOC” or “Council”), has completed a study of the concentration limit imposed by Section 622 of ...
The Financial Stability Oversight Council’s (“FSOC” or the “Council”) studyon the Volcker Rule calls for robust implementation of the core proprietary trading prohibition while ...
