Rules in Focus is FSR’s regulatory newsletter featuring the latest insights from the Fed, CFPB, SEC and other major regulators that oversee the financial services industry and the implementation of the Dodd Frank law.
FSR Regulatory Updates
The Federal Reserve has voted to approve a proposal to impose capital surcharges on banks that meet certain thresholds that indicate size and interconnectivity. Under the proposal, the Federal Reserve would measure banks according to two formulas the results of which could cause a bank to hold as much as 5.5% extra capital in addition to current...
The Government Accountability Office (GAO) recently published a report highlighting shortcomings in the Financial Stability Oversight Council's (FSOC) designation process for non-bank companies.
The Financial Services Roundtable (FSR) in association with other trade associations has submitted a joint trade letter to Congress expressing concerns with the unequal security data standards that exist among different market sectors