by Edmund D. Harllee
On Thursday, January 5, the Federal Reserve Board (the
"Board") issued proposed new Regulation YY, in order to implement changes
required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the
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...