SEC Commissioner Elisse B. Walter delivered a keynote speech at the 32nd Annual SEC and Financial Reporting Institute Conference. In her speech, Walter discussed: The need for high-quality financial reporting regarding the development of accounting standards to accurately reflect the underlying economics of transactions and to set a standard that expresses a transaction's economics in a way that informs investors and resonates with them; FASB/IASB Convergence Projects, the significant progress of which Walter states is, a positive development towards common standards which will effectively

SEC Chief Accountant Paul Beswick delivered remarks at the 32nd Annual SEC and Financial Reporting Institute Conference. Beswick discussed the following: Importance of having a strong IASB in the U.S., and the SEC's role; Successful implementation of an accounting standard; PCAOB accomplishments; and Internal Controls and the new COSO Framework. Beswick went on to explain the ways in which he believes the IASB provides a strong and independent accounting standard. He discussed factors in a successful implementation between the FASB and IASB's high-priority convergence projects. Beswick further

Delta Strategy provided the timeline linked below showing some of the key implementation dates for reporting, registration, clearing and trading. Link here to view the timeline provided by Delta Strategy Group.

The CFPB is amending Regulation Z, which implements the Truth in Lending Act ("TILA"). Regulation Z generally prohibits a creditor from making a mortgage loan unless the creditor determines that the consumer will have the ability to repay the loan. The final rule provides an exemption to these requirements for creditors with certain designations, loans pursuant to certain programs, certain nonprofit creditors, and mortgage loans made in connection with certain Federal emergency economic stabilization programs. The final rule also provides an additional definition of a qualified mortgage for

The CFPB is issuing a final rule delaying the June 1, 2013, effective date of a prohibition on creditors financing credit insurance premiums in connection with certain consumer credit transactions secured by a dwelling. The prohibition was adopted in the Loan Originator Compensation Requirements under the Truth in Lending Act ("Regulation Z") Final Rule, issued on January 20, 2013. The Bureau is delaying the effective date until January 10, 2014, to permit the Bureau to clarify, before the provision takes effect, its applicability to transactions other than those in which a lump-sum premium is