Search Results for 'Legislation'


How the Dodd-Frank Bill Affects TruPS August 09, 2010 No TruPS issued from May 19, 2010 on will be counted as Tier 1 capital; All TruPS issued before May 19 by BHCs with consolidated assets of less than $15 billion are grandfathered under the bill and can continue to count as Tier 1 capital. The largest BHCs still have until Jan. 1, 2013... Continued... Indexed by: Capital Adequacy \| Legislation
Did Financial Reform Trigger a Capital Event? August 09, 2010 Has the financial regulatory reform bill triggered a “capital treatment event” that could lead bank holding companies to recall their outstanding trust preferred securities (TruPS)? Several banking lawyers think so, and are advising issuers to check the fine print in their TruPS... Continued... Indexed by: Capital Adequacy \| Legislation
Bank Employees Who Suspect Accounting, Underwriting Misdeeds Get New Protections August 09, 2010 Bank directors and officers may need to look over their shoulders more carefully. Buried in the fine print of the newly passed financial reform act is the most significant tightening of whistleblower protections since Sarbanes-Oxley – with specific provisions to protect employees at financial... Continued... Indexed by: Legal \| Legislation \| Management
Analysis of State Street Bank Puts Congress' Volcker Rule to the Financial Crisis Test July 19, 2010 A former bank executive contends that the controversial Volcker Rule would have greatly mitigated losses by many financial institutions during the economic crisis. The finding, which comes as the financial reform bill is about to head for President Obama’s signature, arises from an extensive... Continued... Indexed by: Earnings \| Legislation
Financial Reform, Slow Recovery Lead to New Bank Worries July 12, 2010 Financial institution executives are equally concerned about market, accounting and governance risk, thanks largely to uncertainty about the economy and the impact of financial reform, a Bank Safety & Soundness Advisor survey shows. The new worries signal a shift from last year when bank... Continued... Indexed by: Accounting \| Legislation \| Market Risk
Financial Reform Mostly Shuts Down Charter Changes at Struggling Banks July 05, 2010 Congress virtually has shut down the ability of stressed banks to convert between national and state charters, despite a last-second amendment to the financial reform bill that left a sliver of an option. The bill includes a provision that would prevent banks from “charter flipping”... Continued... Indexed by: Legislation \| Regulation
Bankers: Financial Reform Means More Regulation, Less Earnings July 05, 2010 Nearly every financial institution executive expects more cumbersome and expensive regulation in 2011 – as well as decreased earnings – due to financial reform legislation, an exclusive Bank Safety & Soundness Advisor survey shows. One out of three bank execs said their biggest... Continued... Indexed by: Legislation \| Regulation
Inside Financial Reform: What Banks Should Know May 31, 2010 The Senate financial reform bill requires that the FDIC first obtain approval from Congress to create liquidity programs in the event of another crisis, a new constraint on the regulator. That’s just one of the surprising provisions in the 1,566-page bill, observes Brian Gardner, senior vice... Continued... Indexed by: Legislation
Banks Face Huge Recapitalization Requirement in Financial Reform Bill May 31, 2010 Although community banks largely escaped onerous new requirements under the Senate version of the financial reform bill, one provision could be devastating. Bank holding companies are poised to become subject to the same capital rules as banks, thereby excluding BHCs’ use of trust preferred... Continued... Indexed by: Capital Adequacy \| Legislation
Bankers Fear Proposed Compliance Regulator Removes Safety & Soundness, Adds Confusion June 29, 2009 In at least one area, the Obama Administration's original intent to create a single banking regulator has come to pass: The proposed Consumer Financial Protection Agency (CFPA) would take over all rule-making and enforcement of banking compliance from the four regulators and HUD, isolating those... Continued... Indexed by: Legislation \| Regulation