The Washington Report | For the week ended December 19, 2014

The Washington Report | December 19, 2014

In this issue...


Safety & Soundness

  • Federal Reserve Issues Proposed Rule to Address Application of Qualification Criteria for Common Equity Tier 1 Capital of Holding Companies that are not Stock Corporations
  • Federal Reserve Extends Conformance Deadline for Legacy Covered Funds under the Volcker Rule
  • Agencies Publish Proposed Revisions to Advanced Approaches Risk-Based Capital Rule
  • Financial Stability Oversight Council Designates Nonbank Financial Company as Systemically Important
  • OCC Survey Shows Underwriting Standards Continue to Ease
  • OCC Semiannual Risk Perspective Reports Increased Credit Risk for National Banks and Federal Savings Institutions
  • FDIC’s Supervisory Insights Focuses on Interest Rate Risk 

Enterprise & Consumer Compliance

  • CFPB Announces Partnership with Credit Card Company to Evaluate and Promote Saving Habits
  • CFPB Releases Report on Credit Card Agreements
  • OCC Announces Revisions to TILA Booklet in Comptroller’s Handbook
  • CFPB Enforcement Actions Address UDAAP Violations 


  • IAIS Seeks Consultation on Global Insurance Capital Standard
  • IAIS Releases 2014 Global Insurance Market Report; Issues Macroprudential Surveillance Toolkit for Members
  • NAIC Adopts Revised Insurance Holding Company System Act and Actuarial Guideline 48 

Capital Markets & Investment Management

  • Agencies Invite Comment on Interim Final Rule to Reflect ISDA Protocol in Regulatory Capital, Liquidity, and Lending Limit Rules
  • SEC Approves Proposed Rule to Implement JOBS Act Mandates for Exchange Act Registration Requirements
  • FINRA Reminds Firms of Disclosure Requirements for Extended Hours Trading
  • Enforcement Actions 

Recent Supervisory Actions

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