On October 5, 2012, the Federal Housing Finance Agency ("FHFA") published in the Federal Register a notice of proposed rulemaking for public comment concerning stress testing of the Federal National Mortgage Association ("Fannie Mae"), the Federal Home Loan Mortgage Corporation ("Freddie Mac"), and the twelve Federal Home Loan Banks ("Banks") as required by section 165(i)(2) of the Dodd-Frank Act. The comment period was to end on November 4, 2012 (the 30th day after publication of the proposal in the Federal Register). This document extends the comment period by an additional 30 days, through

New rules and rule proposals from C2, CBOE, FINRA, ICEEU, NASDAQ, NSCC, NYSE, NYSE Arca, NYSEMKT, and OCC. Click on the links to view the SEC's notices of each rule change and proposal. C2: Effective Immediately - Rule Change Relating to System Access, Connectivity, and Testing CBOE: Effective Immediately - Rule Change Relating to System Access, Connectivity, and Testing FINRA: Order Approving Proposed Rule Change to Amend the By-Laws of FINRA Dispute Resolution, Inc. to Clarify That Services Provided by Mediators Should Not Cause Them to Be Classified as Industry Members under the By-Laws

The Federal Financial Institutions Examination Council ("FFIEC") issued the revised Information Technology ("IT") Examination Booklet on the Supervision of Technology Service Providers ("TSP Booklet") and the updated IT Examination Booklet on Outsourcing Technology Services. The Board of Governors of the Federal Reserve System ("FRS"), the Federal Deposit Insurance Corporation ("FDIC"), and the Office of the Comptroller of the Currency ("OCC") (collectively, the "Agencies") issued new Administrative Guidelines - Implementation of Interagency Programs for the Supervision of Technology Service

The Financial Stability Board is seeking views from the public on recovery and resolution planning for systemically important financial institutions. The guidance is aimed at assisting national authorities in implementing the FSB’s Key Attributes of Effective Resolution Regimes for Financial Institutions, and covers issues such as: triggers and scenarios for use in recovery planning; development of resolution strategies and operational resolution plans; and critical functions and services that should be maintained in the event of a crisis. Comments on the consultation paper should be submitted

Pursuant to Section 343 of the Dodd-Frank Act, unlimited deposit insurance coverage for non-interest-bearing transaction accounts ("NIBTAs"), including Interest on Lawyer Trust Accounts, is scheduled to expire on December 31, 2012. Absent a change in law, beginning on January 1, 2013, the FDIC no longer will provide separate, unlimited deposit insurance coverage for NIBTAs at insured depository institutions ("IDIs"). IDIs are encouraged to take reasonable steps to provide adequate advance notice to NIBTA depositors of the changes in FDIC insurance coverage so that they may consider the impact