Joe Mont

Suing the Commodity Futures Trading Commission didn’t prevent CME Group, the nation’s largest futures exchange operator, from being registered as a Swap Data Repository (SDR). CME was named by the Commission last week as the third entity to gain that designation. The category of CFTC registered entities was created by the Dodd-Frank Act to collect […]

You aren’t the only one that will be stressed this holiday season. In what has become an annual event, for the next month financial institutions will be finalizing stress tests mandated by the Dodd-Frank Act and must submit their capital plans to regulators by Jan. 7. The Federal Reserve recently detailed parameters of its 2013 […]

Proxy advisory service Institutional Shareholder Services has released its 2013 policy updates for the U.S., Canada, Europe, and Asia. Highlights and key 2013 policy changes for the U.S market relate to pay for performance evaluations (including peer group construction and realizable pay), board responsiveness to majority supported proposals, and pledging of company stock. A full […]

Reacting to increasing regulatory burdens, the role of General Counsel is starting to evolve from being viewed as a “necessary evil” to an integral part of the business. That’s according to a new study by audit, tax and advisory firm KPMG that solicited the views of 320 in-house General Counsel in 32 countries. The report, […]

Voices in Congress this week revived the idea of consolidating the Securities and Exchange Commission and Commodity Futures Trading Commission into one streamlined agency with oversight over almost all the capital markets, according to a newly released Congressional report. That controversial idea—last heard in 2009 during the fledging days of the Obama Administration and the financial regulatory […]

On Wednesday afternoon, the Commodity Futures Trading Commission announced it will move forward with an appeal of a federal district court’s decision vacating its recent position limits rule.  The decision was approved by a 3-2 vote. As part of the Dodd-Frank Act, Congress directed the Commission to limit speculative positions in physical commodity futures and […]

The Securities and Exchange Commission received more than 3,000 whistleblower tips from all 50 states and 49 countries, according to the 2012 Annual Report on the Dodd-Frank Whistleblower Program released on Thursday. The annual report, required by the Dodd Frank Act, summarizes the activities of the SEC’s Office of the Whistleblower. Earlier this year, the […]

The Securities and Exchange Commission on Thursday issued its second annual staff report on examinations of credit rating agencies registered as Nationally Recognized Statistical Rating Organizations (NRSROs). While reporting that most NRSROs “appropriately addressed” recommendations in the first annual report, in 2011, the Commission did detail some new, questionable practices. It also announced a new […]

Federal bank regulators this week issued supplemental guidance to further clarify supervisory practices for financial institutions and borrowers affected by Hurricane Sandy. In a joint statement that follows up on guidance on Oct. 30, the agencies – including the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union […]