As required by the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010, the Securities and Exchange Commission and Commodity Futures Trading Commission have jointly proposed rules further defining the terms “swap,” “security-based swap,” and “security-based swap agreement.”

In accordance with the risk-retention requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010, six federal agencies are seeking public comment on a proposed rule that would require sponsors of asset-backed securities to retain at least 5 percent of the credit risk of the a

Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010, federal financial regulatory agencies have requested public comment on a joint proposed rule to ensure that regulated financial institutions design their incentive compensation arrangements to take account of risk.

The proposed rule and attached guidance describe the manner in which the Financial Stability Oversight Council intends to apply the statutory standards and considerations, and the processes and procedures that the Council intends to follow, in making determinations under section 113 of the Dodd-Fran

The Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation are seeking comment on an amendment to the notice of proposed rulemaking to modify the agencies’ market risk capital rules, published in the Federal Register on

The Hedge Fund Standards Board have published a consultation paper which set out a series of amendments to its Hedge Fund Standards which are designed to make the Standards more relevant internationally and to strengthen the Standards in the light of a number of issues that became apparent during th

In a speech discussing the state of US financial reform, Timothy Geithner, the US Treasury Secretary, has stated that bank supervisors must be careful “not to overdo it with actions that cause undue damage to the availability of credit or liquidity to markets.”

The Federal Reserve Bank of New York has issued a Staff Report arguing that the existing regime for information disclosure is primarily one of compliance, and that to improve corporate governance, reforms should be directed toward providing incentives for disclosure, rather than mandating it.

The Commissioner of the Commodity Futures Trading Commission, Scott O’Malia, argued that the Volcker Rule is too complex, and may fall short of providing an appropriate foundation for a rigorous and reliable rulemaking process.

The Bermuda Monetary Authority has published for consultation a Corporate Governance Code for banks.