All Dodd-Frank Act articles – Page 5
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ArticleAt the 100-day mark, Trump and Congress escalate deregulation push
The early days of the Trump Administration haven’t meant doom for the Dodd-Frank Act, even as efforts to scale it back materialize on several fronts.
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Blog
Hearing scheduled for CHOICE Act’s attack on Dodd-Frank Act
The House Financial Services Committee will hold a hearing next week on the Financial CHOICE Act, a legislative package, sponsored by Rep. Jeb Hensarling (R-Texas) as a means to repeal and replace a large swath of the Dodd-Frank Act.
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ArticleHow do you redo Dodd-Frank? Congress is asking the experts
When to expect a Dodd-Frank overhaul, and what it may mean, remains uncertain. But recent Congressional hearings offer a glimpse of what may be in the offing.
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Article
Trump’s regulatory overhaul goes beyond Dodd-Frank, fiduciary rule
No, President Trump didn’t just kill the fiduciary rule and dismantle Dodd-Frank. Recent executive orders have set the stage for something far more complex and far-reaching. Joe Mont investigates.
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Blog
Trump adds Icahn as a regulatory hatchet man
President-elect Donald Trump has added investor activist Carl Icahn to his transition team as a special adviser on issues relating to regulatory reform. Joe Mont has more.
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Blog
How to get a Volcker rule extension for illiquid funds
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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CEI offers roadmap for congressional deregulation efforts
Add more ammo to the pile for republicans embracing deregulation during the Trump Administration. The Competitive Enterprise Institute is out with a comprehensive list of rule-paring recommendations. Joe Mont has more.
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Trump's Treasury pick: 'stripping back Dodd-Frank' is a priority
During an interview with CNBC, Steven Mnuchin and Wilbur Ross, selected, respectively, as Treasury and Commerce secretaries, the two reiterated plans to roll back the Dodd-Frank Act.
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Blog
Will Wells Fargo lead to more whistleblowing?
Tom Fox looks at expert opinion on whether the recent accounting scandal at Wells Fargo will be used to enhance whistleblower laws and regulations.
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ArticleNew effort to repeal, replace Dodd-Frank Act is most ambitious yet
One of the most vigorous assaults yet on the Dodd-Frank Act came on June 7 from House Financial Services Committee Chairman Jeb Hensarling (R-Texas). Joe Mont looks at the implications of Hensraling’s Financial CHOICE Act, his plan “to replace the Dodd-Frank Act and promote economic growth.”
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Blog
Deadline extended for foreign bank resolution plans
The Federal Reserve Board and the Federal Deposit Insurance Corporation have granted four foreign banking organizations additional time to submit their next resolution plans. Previously, Barclays, Credit Suisse Group, Deutsche Bank AG, and UBS were required to submit their next plans on July 1, 2016, a deadline now bumped up ...
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Article
Fed proposes more ‘bank-like’ capital & risk standards for insurance companies
Insurance companies are increasingly targeted with bank-like regulation and oversight. The latest development: proposals by the Federal Reserve’s Board of Governors for new capital and risk management standards for systemically important insurance companies and those that own a bank or thrift. Joe Mont reports.
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Blog
SEC Extends Comment Period for Extractive Payments Rule
The Securities and Exchange Commission has extended its public comment period for its second attempt at a rule requiring the disclosure of payments made to governments by energy and mining companies for extraction rights. The new deadlines are Feb. 16 for the first round of commentary and March 8 for ...
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Article
SEC Watch: No Respite on Regulatory Reform in 2016
If the SEC had hoped that clearing its plate of most Dodd-Frank Act and JOBS Act mandates would make 2016 a year to focus on other initiatives, well, Washington has other ideas. The agency will be busy with a new round of rulemaking thanks to the FAST Act, plus ongoing ...
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Blog
SEC Makes Second Attempt at Extractive Payments Rule
The SEC re-proposed its extractive payments rule on Friday. The controversial rule, already vacated once by an industry lawsuit, requires public companies to report annually payments they, subsidiaries, and entities they control make to governments for the commercial development of oil, natural gas, or minerals. Initial comments on the proposed ...
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Blog
SEC Takes Another Crack at Extractive Payments Rule
After years of delays and lawsuits, the Securities and Exchange Commission will meet on Friday morning to debate whether it is ready to propose a new rule that requires publically traded oil, gas, and mining companies to disclose payments made to governments for extraction rights. The Dodd-Frank Act mandate led ...
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Blog
Fed Puts New Limitations on Bank Bailouts
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 ...
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Blog
Court: Whistleblowers Protected, SEC Reporting or Not
A federal appeals court has ruled that employees are covered by anti-retaliation protections for whistleblowers provided by the Dodd-Frank Act, even if they don’t file a report with the SEC. The ruling is a warning to businesses to tread carefully when handing out discipline to a suspected whistleblower, whether or ...
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Blog
Gallagher Blasts Labor Dept.’s Proposed Fiduciary Rule
Image: Dan Gallagher, a reliably conservative voice at the SEC, is slamming the Labor Department’s proposed fiduciary standard for broker-dealers. The rule means clients who are not high net worth “will be ‘fired’ by their brokers or jettisoned to robo-advisers,” he said. Gallagher also lauded a court decision striking down ...
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Blog
Survey: Global Regulations Cost Some Financial Firms $500 Million
More than half of large financial services firms with more than $40 billion in assets expect to invest at least $200 million—and some as much as $500 million—on projects to overhaul how they do business and address global structural reform regulations this year, according to a survey from global consultancy ...