The federal banking regulators have issued a joint proposal to establish the general risk-based capital rules as a permanent floor for the Basel II advanced approaches risk-based capital rules Date January 11, 2011 Cross References (links may require a Cabinet subscription) OCC 2011-2

News Article CFTC Commissioner Scott O'Malia, Chairman Gary Gensler for hiring more staff to carry out new regulations, while letting automated policing systems languish. "In my opinion, the chairman is playing a game of 'chicken' with Congress over the CFTC technology budget, and that is not a game where anyone wins," O'Malia told a derivatives industry conference. "We can no longer achieve our mission and goals by throwing people at them. We need to leverage our investment in automated surveillance systems, eliminate human intervention in data collection and at a minimum, ensure that all

Dodd-Frank provides temporary, unlimited deposit insurance for all noninterest-bearing transaction accounts. The attached FDIC final rule implements the December 29, 2010 amendment to Dodd-Frank by including IOLTAs within the definition of a "noninterest-bearing transaction account." All funds held in IOLTA accounts, together with all other noninterest-bearing transaction account deposits, are fully insured, without limit, from December 31, 2010, through December 31, 2012. This coverage is separate from, and in addition to, the coverage provided to depositors for other accounts at an insured

News Article The Dodd-Frank Act's "unrealistic" July deadline for rules to govern the swaps market may undermine regulators' efforts to increase transparency and reduce risk, Commodity Futures Trading Commission member Scott O'Malia said in a New York speech. "The tight one-year implementation time frame for Dodd- Frank may encourage some to ignore the fundamental preferences of swaps market participants and do a regulatory cut-and-paste job," O'Malia, a Republican, said today in remarks prepared for a Tabb Forum conference. Publication Bloomberg Date January 25, 2011 Cross References (links

News Article Representative Barney Frank, the top Democrat on the House Financial Services Committee charged that "Republicans are attempting to cripple regulation by failing to fund it." Frank said he hoped Republicans, specifically those backed by the Tea Party, would support the idea of increased funding for the regulators. Publication Bloomberg Date January 25, 2011 Cross References (links may require a Cabinet subscription) Dodd-Frank Act, Title VII