Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Monday, November 26, 2012

Federal Register Update

The Federal Reserve has requested comments regarding a proposed policy statement on the scenario design framework for stress testing.The proposed policy statement outlines the approach to scenario design for stress testing that would be used in connection with the annual supervisory and company-run stress tests. The proposed policy statement outlines the characteristics of the stress test scenarios and explains the considerations and procedures that underlie the formulation of these scenarios.
Comments are due February 15, 2013.
Read more.

In accordance with the Dodd-Frank Act, the SEC is proposing capital and margin requirements for security based swap dealers (‘‘SBSDs’’) and major security-based swap participants (‘‘MSBSPs’’), segregation requirements for SBSDs, and notification requirements with respect to segregation for SBSDs and MSBSPs. The SEC also is proposing to increase the minimum net capital requirements for broker-dealers permitted to use the alternative internal model-based method for computing net capital.
Comments are due January 22, 2013.
Read more.

The CFPB’s final rule amending triggers for disclosure requirements for certain home mortgages under the Truth in Lending Act (Regulation Z) will be effective January 1, 2013.Under the Truth in Lending Act (TILA), creditors must disclose credit terms and the cost of consumer credit as an annual percentage rate. Regulation Z imposes substantive limitations and additional disclosure requirements on certain closed-end home mortgage loans bearing rates or fees above a certain percentage or amount (HOEPA loans). This final rule adjusts the dollar amount that triggers the disclosure requirement for HOEPA loans from $400 to $625.
Read more.

In addition, the CFPB’s and Federal Reserve’s final rule regarding amending official interpretation and commentary on Regulation Z will also be effective January 1, 2013.
Read more.

The CFPB’s and Federal Reserve’s final rule regarding amending official interpretation and commentary on the Consumer Leasing Act (Regulation M) will also be effective January 1, 2013.Regulation M provides that the exemption threshold for consumer leases will be adjusted annually effective January 1 of each year. The final rule amends Regulation M by increasing the threshold for exempt consumer leases from $51,800 to $53,000, effective January 1, 2013.
Read more.

The SEC’s final rule regarding purchase of certain debt securities by business and industrial development companies relying on an Investment Company Act exemption will be effective December 24, 2012. The final rule establishes a standard of credit-worthiness in place of a statutory reference to credit ratings that the Dodd-Frank Act removes.
Read more.

No comments:

Post a Comment

Please read our comment policy before making a comment.