News Article Reuters February 8, 2011 Wall Street banks and major energy companies urged the U.S. futures regulator to revise new rules meant to increase transparency in the vast swaps market, saying they will make hedging riskier and more costly. Firms registered their objections with the CFTC at the end of a public comment period on the rule, which governs the speed at which companies must report the details of swaps trades. The companies argued the CFTC's proposal requiring swap trades to be reported "as soon as technologically practicable" could be detrimental to both buyers and sellers
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February 2, 2011 This SR letter clarifies the criteria for conducting safety-and-soundness, consumer compliance, Community Reinvestment Act, and trust examinations of insured depository institutions that are either seeking to become state member banks, or merging with another institution where a state member bank would be the surviving entity. Cross References SR 11-2 / CA 11-2 SR 01-5 (SUP)
February 7, 2011 The FDIC today issued a Notice of Proposed Rulemaking to improve consumer awareness of deposit insurance coverage. Cross References Press Release Notice of Proposed Rulemaking
February 7, 2011 The FDIC today approved a joint proposed rulemaking to implement Section 956 of Dodd-Frank. Section 956 prohibits incentive-based compensation arrangements that encourage inappropriate risk taking by covered financial institutions and are deemed to be excessive, or that may lead to material losses. Cross References Press Release Notice of Proposed Rulemaking
February 7, 2011 The FDIC today approved a final rule on Assessments, Dividends, Assessment Base and Large Bank Pricing. The rule implements changes to the deposit insurance assessment system mandated by Dodd-Frank and revises the assessment system applicable to large banks to eliminate reliance on debt issuer ratings and make it more forward looking. Dodd-Frank required that the base on which deposit insurance assessments are charged be revised from one based on domestic deposits to one based on assets. Cross References Press Release