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News Stories (28 Results) - Regulatory News

The Office of the Comptroller of the Currency (OCC) assessed a $60 million civil money penalty against Morgan Stanley Bank, N.A., and Morgan Stanley Private Bank, N.A.The OCC took these actions based on the banks’ failure to exercise proper oversight... Read Story

October 12, 2020, 09:10 AM

The Office of the Comptroller of the Currency (OCC) announced a $30 million civil money penalty against Citibank, N.A, of Sioux Falls, South Dakota, for violations related to the holding period of other real estate owned (OREO).The OCC found the bank... Read Story

October 15, 2019, 08:55 AM

The Securities and Exchange Commission announced that broker Cantor Fitzgerald & Co. will pay more than $647,000 and broker BMO Capital Markets Corporation will pay over $3.9 million to settle charges of improper handling of "pre-released" American... Read Story

August 19, 2019, 08:40 AM

The Securities and Exchange Commission took another significant step toward establishing the regulatory regime for security-based swap dealers today by adopting a package of rules and rule amendments under Title VII of the Dodd-Frank Act.  These and... Read Story

June 24, 2019, 09:00 AM

The Securities and Exchange Commission voted to propose rule amendments to implement certain provisions of the Small Business Credit Availability Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act.  The proposal would improve... Read Story

March 25, 2019, 09:10 AM

The Securities and Exchange Commission settled charges against 79 investment advisers who will return more than $125 million to clients, with a substantial majority of the funds going to retail investors.  The actions stem from the SEC’s Share Class... Read Story

March 12, 2019, 08:23 AM

BCBS published a consultative document on revisions to the leverage ratio disclosure requirements to address the leverage ratio window-dressing behavior, according to Moody's. BCBS seeks the views of stakeholders on revisions to leverage ratio Pillar... Read Story

December 17, 2018, 09:00 AM

EU banks may need to hold significantly more capital for operational risk under the final version of Basel III reforms than under current requirements, while U.S. banks may see a reduction in requirements, Fitch Ratings says. This would bring... Read Story

October 26, 2018, 07:04 AM

New York has filed a court challenge against the Office of the Comptroller of the Currency’s decision to begin granting special-purpose national bank charters to a class of undefined “fintech” companies, including companies that do not accept... Read Story

September 17, 2018, 08:11 AM

Business Development Companies (BDCs) that rely on Collateralized Loan Obligations (CLOs) as a part of their funding strategies can breathe a little easier after the Securities and Exchange Commission suggested it would not take enforcement action... Read Story

September 13, 2018, 07:56 AM

The Securities and Exchange Commission announced that Moody’s Investors Service Inc., one of the nation’s largest credit ratings agencies, has agreed to pay a total of $16.25 million in penalties to settle charges involving internal control failures... Read Story

August 29, 2018, 07:14 AM

The Securities and Exchange Commission voted to propose rule amendments to simplify and streamline the financial disclosure requirements applicable to registered debt offerings for guarantors and issuers of guaranteed securities, as well as for... Read Story

July 25, 2018, 08:00 AM

The Federal Reserve Board on Thursday approved a rule to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability. As demonstrated during the financial crisis, excessive exposure... Read Story

June 18, 2018, 08:01 AM

New financial reform legislation easing the Dodd-Frank Act (DFA) for smaller and custodial banks is not likely to be a near-term ratings issue but could be negative for some banks' credit profiles over the long term, if it results in significantly... Read Story

May 25, 2018, 08:00 AM

Ares Capital Corporation announced that it plans to recommend a path for approval of a certain provision contained in the recently passed Small Business Credit Availability Act (SBCAA) that was signed into law on March 23, 2018. The SBCAA includes a... Read Story

April 03, 2018, 08:00 AM

A last-minute inclusion to a massive spending package passed by Congress last week and signed by President Donald Trump on Friday will allow investment companies controlled by private-equity firms to borrow more money and increase their lending. But... Read Story

March 27, 2018, 07:41 AM

A bipartisan group of Senate lawmakers are pushing legislation that would limit potential legal ramifications for banks interested in financing the marijuana industry in states where it is legal. As specified by the bill, a depository institution... Read Story

March 19, 2018, 08:00 AM

The Securities and Exchange Commission announced charges against six certified public accountants – including former staffers at the Public Company Accounting Oversight Board (PCAOB) and former senior officials at KPMG LLP – arising from their... Read Story

January 23, 2018, 08:00 AM

To adjust for inflation and changes in average loan size, the federal banking agencies announced that, effective January 1, 2018, the aggregate loan commitment threshold for inclusion in the Shared National Credit (SNC) program will increase from $20... Read Story

December 22, 2017, 08:00 AM

The U.S. House Financial Services Committee approved by a wide margin, a bipartisan measure to loosen restrictions on Business Development Companies that lend to small businesses and the middle market. Introduced by Representatives Steve Stivers... Read Story

November 20, 2017, 08:00 AM

SS&C Technologies Holdings, Inc., a global provider of financial services software and software-enabled services, released a study revealing a marked decline in banks’ confidence in their ability to address the Current Expected Credit Loss (CECL)... Read Story

October 11, 2017, 07:13 AM

Bloomberg reported that GE Capital and American International Group Inc. (AIG) will not fight a decision by regulators that they pose potential risks to the economy.The Bloomberg report quotes Russel Wilkerson, a spokesman for GE Capital saying, “We... Read Story

July 03, 2013, 07:11 AM

Reuters reported regulators on Monday proposed designating GE Capital, American International Group Inc, and Prudential Financial for heightened regulatory oversight. According to the report, the Financial Stability Oversight Council said it had... Read Story

June 04, 2013, 07:56 AM

The U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC) released the “Fix, Add, Replace (FAR) Agenda” outlining the Center’s priorities for meaningful financial regulatory reform. The FAR Agenda tackles specific provisions of... Read Story

April 05, 2013, 07:47 AM

The Independent Community Bankers of America (ICBA) called on federal financial regulators to exempt community banks from proposed Basel III regulatory capital standards. In a comment letter to the agencies, ICBA wrote that it strongly believes that... Read Story

October 23, 2012, 08:00 AM

Bloomberg reported that GE Capital is in the final stage of a regulatory review to determine if it needs extra scrutiny because of the risk that its potential failure would pose to the U.S. economy, two people with direct knowledge of the matter said... Read Story

October 08, 2012, 06:00 AM

CFO reports the rules on liquidity levels set by the Basel III framework for bank capital could curtail banks’ appetite for underwriting lines of credit for companies. The article makes reference to recent panel of bankers and risk managers brought... Read Story

October 01, 2012, 07:00 AM

Reuters reports Britain's top financial watchdog delivered a 10-point plan to fix LIBOR but stopped short of scrapping the benchmark interest rate in a much-awaited reform of a system plagued by scandal."The system is broken and needs a complete... Read Story

September 28, 2012, 07:00 AM