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18 Jul 2017, 1:53 pm by Alan S. Kaplinsky
  Let’s not forget that it is the OCC and the other prudential banking regulators, not the CFPB, that is responsible for ensuring the safety and soundness of the banking system. [read post]
17 Jul 2017, 2:01 pm by Max Iles
These include potential reforms relating to firms’ governance, credit rating agencies’ (CRAs) methodologies, financial reporting, benchmarks and the prudential requirements for banks and insurers. [read post]
17 Jul 2017, 12:06 pm by Alan S. Kaplinsky and Mark J. Levin
Noreika also observes that “the CFPB, by design, is not a safety and soundness prudential regulator. [read post]
13 Jul 2017, 4:30 pm by Alan S. Kaplinsky and Mark J. Levin
Noreika’s letter and that the CFPB had “consulted repeatedly” with OCC representatives and other prudential regulators regarding “prudential, market, or systematic objectives administered by such agencies” as required by Section 1022 of the Dodd-Frank Act (DFA). [read post]
13 Jul 2017, 10:01 am by Alan S. Kaplinsky and Mark J. Levin
  While the “majority” of banks may not use arbitration agreements, that is because most banks are small community banks in rural areas that are typically not the target of class action litigation. [read post]
12 Jul 2017, 8:39 am by Imogen Garner and Jamie Gray
Among other things, the Council: looks forward to the upcoming legislative proposal regarding the prudential treatment of investment firms, which should provide an adequate framework to address the risks their activities entail when those activities are not appropriately addressed by existing requirements; looks forward to examining the upcoming legislative proposal regarding a European framework for covered bonds, which should build on the continued well-functioning national regimes and… [read post]
11 Jul 2017, 8:04 am by Simon Lovegrove and Jack Prettejohn
The Bank of England (BoE) has published a speech given by Sam Woods, BoE Deputy Governor, Prudential Regulation and PRA Chief Executive Officer. [read post]
11 Jul 2017, 8:00 am by Jack Prettejohn and Imogen Garner
The European Banking Authority (EBA) has launched a supplementary data collection aimed at supporting the response to the European Commission’s Call for Advice on the new prudential framework for investment firms. [read post]
10 Jul 2017, 9:27 pm by Adam Levitin
 The CFPB is required to consult with the prudential regulators during the rulemaking process. [read post]
10 Jul 2017, 2:32 pm by Amy Roper
  On July 6, 2017, the European Banking Authority (“EBA“) published a press release announcing the launch of a supplementary data collection relating to its proposals for a revised prudential framework for investment firms. [read post]
10 Jul 2017, 2:28 pm by Alexander Radisich
(AIG) and Prudential Financial, Inc. to submit their next resolution plans from December 17, 2017 to December 18, 2017. [read post]
10 Jul 2017, 1:22 am by Desiree Reddy
The Prudential Authority will be responsible for regulating the prudential aspects of banks and all non-bank financial institutions and the Financial Sector Conduct Authority will be responsible for regulating market conduct and safety of financial consumers. [read post]
On 3 July 2017, the European Banking Authority (EBA) held a public hearing in London to update stakeholders on its progress in developing recommendations for the European Commission (the Commission) for a new prudential regime for MiFID investment firms. [read post]
29 Jun 2017, 1:36 pm by Reid F. Herlihy
Treasury Department recently issued a report titled “A Financial System That Creates Economic Opportunities-Banks and Credit Unions. [read post]
28 Jun 2017, 11:08 am by Elizabeth A. Khalil
He also gave several examples of ways Congress could address the “overlap” between the CFPB and prudential regulators for supervision of financial institutions with over $10 billion in assets, such as returning examination and supervision authority for banks to the prudential regulators, still leaving supervision of nonbank financial companies to the CFPB. [read post]
28 Jun 2017, 11:08 am by Elizabeth A. Khalil
He also gave several examples of ways Congress could address the “overlap” between the CFPB and prudential regulators for supervision of financial institutions with over $10 billion in assets, such as returning examination and supervision authority for banks to the prudential regulators, still leaving supervision of nonbank financial companies to the CFPB. [read post]
26 Jun 2017, 2:10 pm by Max Iles
The development of a macro-prudential approach to the low interest rate environment in Solvency II. [read post]