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On December 14, 2012, the Federal Reserve Board published its proposed enhanced prudential standards for the US operations of non-US banks.  The highly anticipated proposal would implement the "rebalanced approach" to the regulation of non-US banks...

On November 28, 2012, Federal Reserve Board Governor Daniel Tarullo provided a preliminary glimpse at new requirements to be imposed on non-US banks that have US banking operations.  A proposed rule to be published by the Federal Reserve within weeks will...

Today the U.S. Federal Reserve Board voted to publish proposed regulations to implement the "Basel III" changes to the international regulatory capital framework, a set of comprehensive reforms issued by the Basel Committee on Banking Supervision in...

On Thursday, April 19, 2012, the Federal Reserve Board issued a policy statement clarifying the manner in which the Volcker Rule prohibitions would apply and would be enforced during the statutory two-year Conformance Period.  Despite public statements by...

On December 20, 2011, the Federal Reserve proposed regulations to implement the enhanced prudential standards mandated by Section 165 and the early remediation requirements mandated by Section 166 of the Dodd-Frank Wall Street Reform and Consumer Protection Act...

Much of the discussion about bank resolution is predicated on the basis of the simplifying assumption that a bank is a single entity. In economic terms this is broadly correct, but in legal terms it is clearly not. Most banks, and all systemically important banks,...

On Tuesday, October 11, the Federal Reserve and the Federal Deposit Insurance Corporation (the "FDIC") unveiled proposed regulations to implement the Volcker Rule (the "Proposed Regulations") that will be issued jointly by the Federal Reserve, the FDIC, the Office...

A confidential staff draft of the preamble to the federal financial agencies' joint rulemaking on the Volcker Rule was "leaked" to the press earlier this week, dominating the headlines and leading to a great deal of discussion about what the document...

Regulators continue to work on developing more effective tools for resolving failed banks and other systemically important financial institutions. The aim is to put an end to the idea that any institution is "too big to fail" and so can depend on taxpayer...

Many experts have said that a determination of systemic significance requires an understanding of a wide range of characteristics of a financial institution and its business. Nonetheless, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank...