Financial Regulation >>>

    U.K. Banks Seen Avoiding Share Sales on Review

    U.K. banks including Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc may avoid the need to sell new shares to bolster their balance sheets after the Bank of England used more lenient rules than those advocated by European regulators. Click here to continue reading.

    ‘Whale’ Trades May Renew Push-Out Rule Support

    The U.S. Senate Permanent Subcommittee report on JPMorgan Chase & Co.’s London Whale trade may have given new life to a controversial provision of the Dodd-Frank Act, known as the swap push-out rule. Click here to continue reading.

    JPMorgan Report Ignites Debate on Bank Size

      JPMorgan Chase & Co.’s efforts to hide trading losses, outlined in a Senate report yesterday, may ignite debate over whether the largest U.S. bank is too big to manage and ratchet up pressure on CEO Jamie Dimon to surrender his role as chairman. Click here to continue reading.

    SEC on Track to Exceed Adviser Exam Goals

    The U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations has completed more than roughly 40 examinations of new investment adviser registrants with more than 80 underway since the end of last year, according to Andrew Bowden, deputy director of OCIE. Click here to continue reading.

    EU Stress Tests Don’t Reflect Sovereign Debt Risks

    European Union stress test models haven’t fully reflected the riskiness of European sovereign debt, New York University economists have found. Click here to continue reading.

    Benchmark Rate Proposals Drive Confusion, Costs

    Proponents of global coordination on benchmark rate-setting rules say varying proposals on their composition, governance and supervision may convince some companies to do business in less-regulated countries. Click here to continue reading.

    Dodd-Frank Costs More Than Triple, GAO Says

    The cost to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act more than tripled at four regulators in 2012 from 2011, the U.S. Government Accountability Office said in a report. Click here to continue reading.

    Small-Company Exchange Calls for Lenient Rules

    Small firms would benefit from more lenient regulation — including less financial disclosure — according to a plan for a new small-company stock exchange that a U.S. Securities and Exchange Commission panel put forward last week, the panel’s chairman said. Click here to continue reading.

    New Social Media Rules May Force Firm Changes

    New federal guidelines on employee use of social media at some financial institutions may be at odds with state privacy laws, and could force firms to change their policies to abide by both sets of rules, industry lawyers said. Click here to continue reading.

    GAO Highlights FSOC Inaction on Nonbank SIFIs

    The U.S. Financial Stability Oversight Council was singled out in a recent Government Accountability Office study for not yet identifying which nonbank financial firms should be better supervised. 
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