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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.
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The Filing Cabinet Blog
Outgoing FDIC official shares blunt view of ‘Too Big to Fail’ and bank regulation
Joe Mont | March 30, 2018
As part of his farewell tour, Thomas Hoenig, the departing vice chairman of the Federal Deposit Insurance Corporation, used a recent speech to candidly address the challenge of balancing prudential standards and regulatory initiatives when attempting to end big bank bailouts.
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The Filing Cabinet Blog
Volcker rule reforms afoot at Federal Reserve
Joe Mont | March 7, 2018
The Federal Reserve is “considering broad revisions to the Volcker rule compliance regime,” in addition to changes to make the rule easier to understand and less burdensome, says Vice Chairman for Supervision Randal Quarles.
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The Filing Cabinet Blog
OCC cracks open Volcker rule, seeks public comment
Joe Mont | August 2, 2017
The latest effort to revise the Dodd-Frank Act’s Volcker rule is a public comment period, orchestrated by The Office of the Comptroller of the Currency, that may lead to a multi-agency Notice of Proposed Rulemaking.
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The Filing Cabinet Blog
Treasury releases first report on a regulatory overhaul
Joe Mont | June 14, 2017
A slate of recommended regulatory actions are contained in a new report delivered to President Donald J. Trump by the Treasury Department. Suggested changes would affect big bank stress tests, the Volcker rule, and the CFPB.
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The Filing Cabinet Blog
How to get a Volcker rule extension for illiquid funds
Joe Mont | December 14, 2016
Banks have some new guidance on how to seek an extension for conforming their investments in "illiquid funds" to the Dodd-Frank Act's Volcker Rule. Joe Mont reports.
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The Filing Cabinet Blog
More Volcker Rule Questions Answered
Joe Mont | September 30, 2015
The Securities and Exchange Commission has added another round of supplemental guidance to its growing list of “frequently asked questions” regarding Volcker Rule compliance. The latest updates, released on Sept. 25, address CEO attestation and compliance program requirements for market-making activities. More inside.
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The Filing Cabinet Blog
Podcast: The Volcker Rule Deadline and What’s Next
Joe Mont | July 31, 2015
July 21 was a big day for banks and the beginning of the Volcker Rule’s compliance regime. The rule, a cornerstone of the Dodd-Frank Act, prohibits proprietary trading activities at federally insured banks. In our latest podcast we talk to Chris Scarpati, a partner in PwC’s financial regulation practice, about what the deadline entailed and what’s ahead for these financial institutions. Details inside.
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The Filing Cabinet Blog
Volcker Offers Sweeping New Reform Ideas
Joe Mont | April 20, 2015
Paul Volcker, the famed former Fed chairman and namesake of the most controversial rule in the Dodd-Frank Act, is proposing a slate of financial reform proposals that would merge the SEC and CFTC and create new regulatory agencies. The Volcker Alliance—a non-partisan, non-profit organization launched in 2013—issued a report warning that “failure to reorganize the regulatory structure will make us more vulnerable to the next financial crisis.” Details inside.
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The Filing Cabinet Blog
Republicans Move on Volcker Rule, XBRL
Joe Mont | January 14, 2015
The new Republican majority in Congress launched its first strike against the Dodd-Frank Act last Wednesday, passing a bill that offers banks a semi-reprieve from the Volcker Rule and exempts small companies from filing financial statements tagged in XBRL. The legislation now moves to a Senate vote and is likely to incur a veto by President Barack Obama. Details inside.
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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.
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The Filing Cabinet Blog
OCC’s Curry Details Regulatory Relief, Volcker Exemptions
Joe Mont | December 2, 2014
In a recent speech, Comptroller of the Currency Thomas Curry floated some regulatory reforms that could make compliance easier for small- and medium-sized banks, including a new examination cycle for healthy banks. “It’s important that they, like other businesses, have the flexibility to adapt to changing economic and business environments,” he said.
Displaying 11 results