Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.
The Filing Cabinet

"The Filing Cabinet," which covers compliance with the Dodd-Frank Act and the Sarbanes-Oxley Act, as well as other regulatory action from the Securities and Exchange Commission, executive compensation, and shareholder activism, is written by CW staff writer Joe Mont. Mont welcomes questions, comments, and statements from readers on SEC filing matters and will address them here when appropriate. Readers can contact him at joe.mont@complianceweek.com.
14 results found, filtered by:
-
The Filing Cabinet Blog
Fed moves to make stress tests less stressful
Joe Mont | February 7, 2019
The Federal Reserve Board on Tuesday finalized changes to its stress testing program for the nation’s largest and most complex banks. The intent is to make the resiliency assessments “more open, transparent, and effective.”
-
The Filing Cabinet Blog
A top concern for banks: How will regulators tackle AI?
Joe Mont | November 19, 2018
The cutting-edge question asked by Federal Reserve Governor Lael Brainard at a recent conference: “What are we learning about artificial intelligence in financial services?” She answered with a look at the regulatory landscape.
-
The Filing Cabinet Blog
Quarles gives overview of Fed’s regulatory strategy
Joe Mont | January 22, 2018
Marking his three-month anniversary as the Board of Governors for the Federal Reserve’s vice chairman for supervision, Randal Quarles discussed plans for improving the effectiveness of post-crisis financial regulation.
-
The Filing Cabinet Blog
Hurricane Harvey spurs regulatory relief, assistance for banks
Joe Mont | August 30, 2017
Federal and state bank regulators have issued guidance for institutions in Texas suffering from the devastating effects of Hurricane Harvey. The advisory addresses temporary branches, loan modifications, and leniency regarding regulatory obligations and compliance deadlines.
-
The Filing Cabinet Blog
Fed wants to reassess bank board responsibilities, institutional ratings
Joe Mont | August 4, 2017
The Board of Governors of the Federal Reserve has announced proposals to streamline post-financial crisis regulatory burdens imposed on directors at banks and reassess how ratings are issued.
-
The Filing Cabinet Blog
Federal Reserve urged to fire Wells Fargo's board of directors
Joe Mont | June 21, 2017
Citing negligence of their risk management duties, Sen. Elizabeth Warren is demanding that the Federal Reserve intervene and fire embattled board members of Wells Fargo.
-
The Filing Cabinet Blog
Minneapolis Fed offers plan to end ‘too big to fail’
Joe Mont | November 16, 2016
Federal Reserve Bank of Minneapolis President Neel Kashkari has unveiled a new plan he says would substantially reduce the rish of systemic threats from “too big to fail” financial institutions. More from Joe Mont.
-
The Filing Cabinet Blog
Fed releases report card on capital plans of big banks
Joe Mont | June 29, 2016
The Federal Reserve has released the results of its annual Comprehensive Capital Analysis and Review, an assessment of whether bank holding companies with $50 billion or more in total consolidated assets have effective capital planning processes and adequate assets on-hand to absorb losses during stressful conditions. While many plans passed muster with no objections, not every bank received top marks. Joe Mont has more.
-
The Filing Cabinet Blog
New Limitations for Bank Bailouts
Joe Mont | November 30, 2015
The Federal Reserve Board has clarified its procedures for emergency lending to banking institutions and placed new restrictions on future bailouts. A final rule, approved Monday and effective on Jan. 1, broadens the existing definition of insolvency and requires that emergency lending be approved by the Treasury Department. These and other lending limitations included in the rule were required by the Dodd-Frank Act. Details inside.
-
The Filing Cabinet Blog
Federal Reserve Proposes New Liquidity Disclosures
Joe Mont | November 25, 2015
There was a warning last week from Fed Governor Daniel Tarullo to expect an increase to stress test minimum capital requirements and a proposed rule requiring banks to publicly disclose aspects of their liquidity profile. Also announced was an effort to improve the consistency of supervisory examinations and a one-year deadline extension for certain capital requirements. Details inside.
-
The Filing Cabinet Blog
Fed Hands Big Banks New Risk-Based Capital Surcharges
Joe Mont | July 20, 2015
The Board of Governors of the Federal Reserve has issued a final rule that establishes risk-based capital surcharges for financial institutions designated as “global systemically important bank holding companies.” JPMorgan was handed the largest surcharge among the nation’s eight largest banks, 4.5 percent of its risk-weighted assets. More inside.
-
The Filing Cabinet Blog
Fed Extends Deadlines for Volcker Rule Compliance
Joe Mont | December 19, 2014
The Federal Reserve Board is giving financial insitutions more time to comply with the Volcker rule’s demand that they extricate themselves from investments in hedge funds and private equity funds and wind down speculative positions held on their own behalf, rather than for clients. Banks will until 2017 to unwind from certain holdings.
-
The Filing Cabinet Blog
Fed Seeks New Capital Requirements for Biggest Banks
Joe Mont | December 9, 2014
Dec. 9—The Federal Reserve is proposing a new risk-based capital surcharge for the most systemically important firms. The proposed rule would implement a new methodology for determining “global systemically important” banks and increase mandated capital conservation buffers by as much as 4 percent. The proposal establishes five broad categories correlated with systemic importance: size, interconnectedness, cross-jurisdictional activity, substitutability, and complexity. Chairman Janet Yellen described the move as a “milestone” in efforts to mitigate threats to financial stability. Details inside.
-
The Filing Cabinet Blog
Federal Reserve Places New Limits on Large Banks
Joe Mont | November 7, 2014
The Federal Reserve Board has approved a rule that places new limits on mergers and acquisitions in the banking industry, effectively slowing the growth of the largest institutions in yet another strike against “too big to fail” banks. The rule prohibits a financial company from combining with another company if the ratio of the resulting company's liabilities exceeds 10 percent of the consolidated liabilities of all financial companies. Among banks that are already nearing the forthcoming 10 percent concentration limit are Bank of America, JPMorgan, and Citigroup.
Displaying 14 results