Banking and Finance

Recent Posts

Financial Reform Legislation: Are You Prepared for What's Coming?
Posted on 29 Jul 2010 by arnold

Passage of the landmark Dodd-Frank Wall Street Reform and Consumer Protection Act, the most far-reaching financial regulatory legislation since the Great Depression, has set the stage for major adjustments in the financial services industry. The Act impacts... Read More

Approaching the Home Stretch: Senate Passes "Restoring American Financial Stability Act of 2010"
Posted on 30 Jul 2010 by K & L Gates LLP

On May 20, 2010, the Senate passed the "Restoring American Financial Stability Act of 2010" as amended ("Senate Bill"). Congressional leadership has indicated that conference committee proceedings will take place in June, making it... Read More

Sutherland Alert: Lawsuit Challenges Constitutionality of Debit Card Interchange Provisions of Dodd-Frank Act
Posted on 19 Oct 2010 by Eversheds Sutherland LLP

by Robert J. Pile and Heather J. Howdeshell TCF National Bank (TCF) has filed a suit in the United States District Court in South Dakota challenging the constitutionality of Section 1075 of the Dodd-Frank Wall Street Reform and Consumer Protection Act... Read More

Massachusetts Is Looking to Dodd-Frank Investment Advisers and Fund Managers
Posted on 3 May 2011 by Doug Cornelius

Just to keep you on your toes if you have less than $150 million under management, states are now filling in the gaps left by Dodd-Frank. If you are under that threshold, you lose the ability to register with SEC and now have to look to at being regulated... Read More

Morrison & Foerster-Enhanced Prudential Standards: The Federal Reserve’s Proposal
Posted on 26 Jan 2012 by Morrison and Foerster LLP

Shortly before year-end, the Federal Reserve Board ("FRB") proposed several rules to manage systemic risks presented by bank holding companies with consolidated assets of $50 billion or more and by nonbank financial institutions that are designated... Read More

Dodd-Frankenstein
Posted on 21 Feb 2012 by Doug Cornelius

You would expect that a publication with a libertarian tilt like The Economist would not look favorably at the Dodd-Frank Wall Street Reform and Consumer Protection Act . They call it Too big not to fail . Being The Economist , the article argues with... Read More

SEC Proposes Amendments to the Qualified Client Standard
Posted on 22 Jul 2011 by K & L Gates LLP

by Kay Gordon and Joshua M. O'Melia Excerpt: I. Introduction On May 10, 2011, as required by Section 418 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"), the U.S. Securities and Exchange Commission... Read More

Volcker Rule Implemented by SEC, Four Other Federal Agencies
Posted on 11 Dec 2013 by Thomas O. Gorman

Five federal regulatory agencies — the SEC, CFTC, the Board of Governors of the Federal Reserve System, the Office of the Comptroller and the FDIC — implemented the 900 plus page Volcker Rule. Many consider the Volcker Rule to be the center... Read More

Senator Dodd Releases Financial Regulatory Reform Legislation: The Home Stretch?
Posted on 30 Jul 2010 by K & L Gates LLP

Excerpt: On Monday, March 15, 2010, Senate Banking Committee Chairman Chris Dodd (D-CT) released a Chairman's Mark of the "Restoring American Financial Stability Act of 2010" (the "Bill"). The Bill, which has been in development... Read More

Cadwalader Clients & Friends Memo: Two Dodd-Frank Problems--the Effective Date and the Definitions
Posted on 13 Jun 2011 by Cadwalader, Wickersham & Taft LLP

Contingency Planning in the Absence of a Regulatory Structure This memorandum first explains the July 16, 2011 problem that will arise because the Dodd-Frank derivatives legislation (Title VII of the statute) goes into effect without either a ready... Read More

House Passes Financial Regulatory Reform Legislation
Posted on 30 Jul 2010 by K & L Gates LLP

by Dan Crowley, Karishma Shah Page, Bruce Heiman, Collins R. Clark and Justin D. Holman Excerpt: On December 11, the House of Representatives passed H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009 (see H.R. 4173 as introduced... Read More

Williams Mullen Alert-Federal Reserve Board and FDIC Issue Final Rules to Require Certain Companies to Submit “Living Wills,” as Required by Dodd-Frank
Posted on 18 Nov 2011 by Williams Mullen

by Edmund D. Harllee On Tuesday, November 1, 2011, the Board of Governors of the Federal Reserve System (the "Board") and the Federal Deposit Insurance Corporation (the "FDIC") each issued a final rule to implement the requirement... Read More

Podcast: Richard Phillips of K&L Gates and Professor Meyer "Mike" Eisenberg Discuss the Dodd-Frank Act and Its Impact on Private Fund Advisors
Posted on 30 Jul 2010 by Corporate and Securities Law Community Staff

On this edition, Richard Phillips of K&L Gates and Professor Meyer "Mike" Eisenberg, Visiting Professor of Law at Willamette University College of Law, discuss the Dodd-Frank Act, focusing on the impact of the legislation on private fund... Read More

Regulatory Focus on Hedge Funds Continues
Posted on 1 May 2012 by Judith Gross

The regulatory focus on hedge funds continued during the first quarter of 2012, as new initiatives continued to roll out, and milestones in the implementation of rules put on the books last year were hit. For "large" hedge funds, we see... Read More

Dodd-Frank at 3
Posted on 10 Jun 2013 by Morrison and Foerster LLP

Please click on the Attachment: link at the top of the post to view or download the entire article. If Aesop were still in the fable-writing business, and he had been watching the last three years of Dodd-Frank Act rulemaking, we would probably be... Read More