February 9, 2011 The European Commission has launched a public consultation on possible measures to strengthen bank capital requirements for counterparty credit risk. The purpose of the measures proposed in this consultation is to strengthen the capital requirements for counterparty credit exposures arising from credit institutions' and investment firms' derivatives, repo and securities financing activities. Specifically, their objective is to raise the amount of capital backing these exposures, reduce procyclicality and provide additional incentives to move OTC derivative contracts to central

February 3, 2011 Treasury announced the launch of a 'beta' Consumer Financial Protection Bureau (CFPB) website, ConsumerFinance.gov.

News Article Financial Times February 8, 2011 Regulators' plans to require the public reporting of large swap transactions 15 minutes after they are traded have been criticised by big derivatives markets participants including Pimco, Blackrock and Freddie Mac. The CFTC proposed last year that large swap trades and so-called 'block trades' be reported within 15 minutes, a dramatic departure from the current market practice, where trading is done privately and details are not made public. Many in the derivatives industry are unhappy with the short reporting period, and such concerns dominated

Commentary February 8, 2011 Page 6 CFTC and Dodd-Frank items on pp. 4-5 Interview with CFTC Commissioner Bart Chilton, excerpts: Regarding DF deadlines: "The law is the law," Chilton chimes in. "We have deadlines. If lawmakers want to change the law, fine. I don't think they will. Until then, we move forward." Regarding cuts in CFTC funding: "I don't think the cut in funding will stop us from writing the regs. The lack of funding will only hurt surveillance and enforcement of the new rules. So, in a year's time, it may be against the law to do something, we just may not be able to enforce it

February 2, 2011 Treasury announced that Fifth Third Bancorp of Cincinnati, Ohio has fully repaid its $3.4 billion in outstanding TARP funds. With this transaction, total repayments and other income from programs within TARP to provide direct financial support to banks (approximately $243 billion) have nearly surpassed total disbursements under those programs (approximately $245 billion). Treasury currently estimates that bank programs within TARP will ultimately provide a lifetime profit of nearly $20 billion to taxpayers.