SEC Adopts New Procedures for Reviewing Clearing Submissions Under Dodd-Frank Act
June 28, 2012 - The Securities and Exchange Commission has adopted rules that establish procedures for its review of certain clearing agency actions. The rules were required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, which called for a new regulatory framework for trading in over-the-counter derivatives, including swap agreements.
Trade associations' unveil EU regulation guidebook
June 28, 2012 - Four trade associations, including the Association of Private Client Investment Managers and Stockbrokers (APCIMs), the European Federation of Energy Traders (EFET), the Futures and Options Association (FOA) and the Wholesale Market Brokers' Association (WMBA), have announced their joint development of a business-friendly guide to assist firms in complying with the complex set of new European-wide regulatory standards.
Basel Committee publishes final rules for banks on disclosure
June 26, 2012 - The Basel Committee on Banking Supervision (BCBS) has issued its final rules on the information that banks must disclose when detailing the composition of their capital. Its publication, relevant to the looming Basel III stipulations, is entitled 'Composition of Capital Disclosure Requirements'.
UK banking reforms 'will cost financiers $11bn annually'
June 15, 2012 - Banks in the UK will have to outlay as much as £7 billion ($11 billion) annually to comply with new government rules, it has emerged.
UK government to press ahead with banking reforms
June 14, 2012 - Landmark reforms to the British banking industry will go ahead despite the fact they are unpopular among the majority of financiers, George Osborne has confirmed.
Agencies Seek Comment on Regulatory Capital Rules and Finalize Market Risk Rule
June 12, 2012 - The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) are seeking comment on three notices of proposed rulemaking (NPRs) that would revise and replace the agencies' current capital rules.
Basel Committee publishes report on Basel III implementation
June 11, 2012 - The Basel Committee on Banking Supervision published on 11 June its "Report to G20 Leaders on Basel III Implementation".
SEC Issues “Roadmap” on Phase in of Derivatives Regulation
June 11, 2012 - The Securities and Exchange Commission today issued a policy statement describing the order in which it expects new rules regulating the derivatives market would take effect. The statement covers final rules to be adopted by the SEC under the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.
