The Basel Committee on Banking Supervision released revised final standards for capital requirements for bank exposures to central counterparties ("CCPs"). Notable revisions of the framework include: a new approach for determining the capital requirements for bank exposures to qualifying CCPs ("QCCPs"); employing a standardized approach for counterparty credit risk (as opposed to the Current Exposure Method) to measure the hypothetical capital requirement of a CCP; an explicit cap on the capital charges applied to bank exposures to QCCPs ( i.e., those charges will not exceed the charges that

The SEC's Investor Advisory Committee ("IAC"), which was established pursuant to Dodd-Frank Section 911, held a public meeting on April 10, 2014. In addition to administrative changes, the Committee made recommendations regarding crowdfunding regulations.

SIFMA submitted comments to the European Securities Markets Authority ("ESMA") on the consultation paper on CRA3 implementation - draft regulatory technical standards ("RTS") for information on structured finance instruments ("SFIs"). In the letter, SIFMA expressed support for the comments submitted by the Association for Financial Markets in Europe ("AFME") and, in particular, their concerns regarding the potential for the extra-territorial application of standards implemented under this rule and conflicts of law or regulation that may arise. SIFMA raised further concerns over the final RTS

SIFMA, the American Bankers Association ("ABA"), the American Council of Life Insurers ("ACLI"), the Investment Company Institute ("ICI"), and the SPARK Institute, Inc. ("SPARK") (collectively, the "Agencies") submitted comments to the Office of Management and Budget ("OMB") with regard to the amendment proposed on March 12, 2014 by the Department of Labor ("DOL") concerning fee disclosures. The comment letter focused on a proposed amendment to the Information Collection Request ("ICR"). The DOL proposal would amend the ERISA regulation 408(b)(2), requiring that certain service providers to

The Financial Stability Board ("FSB") published the seventh of its semiannual progress reports on the implementation of OTC derivatives market reforms. The seventh report found that substantial progress has been made toward meeting the G20 commitments, through (i) international policy development, (ii) jurisdictions' adoption of legislation and regulation and (iii) expansion in the use of market infrastructure. Additionally, the report identified several areas in which further work was needed. In particular, Agencies were urged to: put in place their remaining legislation and regulation