On October 30, the Federal Reserve Board, the Federal Depository Insurance Corporation and the Office of the Comptroller of the Currency (collectively, the “Agencies“) proposed changes to their standards for how large federal...more
On October 25, the Federal Reserve Board announced the annual indexing of the reserve requirement exemption amount and the low reserve tranche, which two amounts are used in determining reserve requirements of depository...more
On October 26, the Consumer Financial Protection Bureau (the “Bureau“) issued a statement announcing that it expects to issue proposed rules in January 2019 that will reconsider the Bureau’s rule regarding Payday, Vehicle...more
On October 31, the Securities Exchange Commission (“SEC“) issued a statement setting forth its position, for a limited time, that certain actions with respect to specific provisions of its Business Conduct Standards for...more
On October 30, the Securities Exchange Commission (“SEC“) announced it voted to propose rule changes intended to improve disclosure for investors about variable annuities and variable life insurance contracts. Such...more
On October 25, Moody’s updated the following methodology: Operational Privately Financed Public Infrastructure (PFI/PPP/P3) Projects. ...more
On September 4, 2018, Moody’s updated its methodology for the mining industry, replacing the last version published on April 3, 2018. No rating changes are expected to result from this update. ...more
On August 31, Bureau of Consumer Financial Protection (the “Bureau“) issued an interpretative and procedural rule to implement and clarify the requirements of section 104(a) of the Economic Growth, Regulatory Relief, and...more
On July 6, 2018, the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller issued a joint statement describing the rules and related reporting requirements that are affected by the...more
On July 5, 2018, the Bureau of Consumer Financial Protection (the “Bureau“) issued a statement regarding the impact of the Economic Growth, Regulatory Relief and Consumer Protection Act (the “Act“) on the Home Mortgage...more
On July 6, 2018, Fitch issued the following report: Insurance-Linked Securities Rating Criteria. Release.
On July 5, 2018, Fitch issued the following report: Closed-End Funds and Market Value Structures Rating Criteria....more
On May 14, 2018, the Office of the Comptroller of the Currency (“OCC“), Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation (collectively, the agencies) published a notice of proposed...more
On May 11, 2018, the Federal Financial Institutions Examination Council issued new examination procedures on the final rule, “Customer Due Diligence Requirements for Financial Institutions” (the “CDD Rule“). The CDD Rule was...more
On May 11, 2018, the Office of the Comptroller of the Currency (“OCC“) issued the “Military Lending Act” (“MLA“) booklet of the Comptroller’s Handbook. ...more
On May 16, 2018, the Commodity Futures Trading Commission’s (“CFTC“) Division of Swap Dealer and Intermediary Oversight (“DSIO“) granted relief to non-U.S. counterparties who enter into swaps with International Financial...more
On May 15, 2018, DBRS issued a report entitled: Rating European Non-Performing Loans Securitizations.
On May 15, 2018, Fitch issued a report entitled: Global Structured Finance Rating. ...more
On March 19, 2018, DRBS issued a report entitled: Mapping Financial Institution Internal Ratings to DRBS Ratings for Global Structured Credit Transactions. Release....more
On January 18, 2018, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation issued an interagency statement for financial...more
On January 23, 2018, DRBS published an updated North American Single-Asset/Single-Borrower Methodology. The methodology does not consist of any material changes from the previously issued methodology. According to DBRS, it...more