• Service: Advisory, Risk Consulting, Financial Risk Management
  • Date: 2/5/2014

January 13, 2014 The Washington Report 

Federal Reserve Proposes Rule and Policy Amendments Related to Supervision of Financial Market Utilities
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The Federal Reserve Board (Federal Reserve) released proposed revisions to its Regulation HH (Designated Financial Market Utilities) and its Policy on Payment System Risk (PSR Policy) on January 10, 2014. As proposed, the revisions are intended to make the guidance consistent with standards in the April 2012 Principles for Financial Market Infrastructures (PFMI) that was developed jointly by the Committee on Payment and Settlement Systems and the Technical Committee of the International Organization of Securities Commissions.

In This Issue

Bank & Thrift Regulatory Update

  • Federal Reserve Proposes Rule and Policy Amendments Related to Supervision of Financial Market Utilities
  • Federal Reserve Proposes Amendments to Its Rules Governing Check Collection and Return
  • BCBS Issues Progress Report on Effective Risk Data Aggregation and Risk Reporting
  • Agencies Release Annual CRA Asset Size Threshold Adjustments for Small and Intermediate Small Institutions
  • Agencies Extend Comment Period of Proposed Policy Statement on Assessing Diversity Policies and Practices of Regulated Entities
  • OCC Releases Report on Risks Facing National Banks and Federal Savings Associations
  • FDIC Releases Publication on Effective IRR Management
  • Federal Reserve Releases Study on Noncash Payments Trends
  • Federal Reserve Issues Guidance on Risk Transfer Considerations When Assessing Capital Adequacy
  • Federal Reserve Proposes Amendments to Regulation A Regarding Emergency Lending Authority
  • Federal Reserve Issues Final Rule on Treatment of Uninsured U.S. Branches and Agencies of Foreign Banks

Enterprise & Consumer Compliance

  • CFPB Adjusts Assets Thresholds Related to Exemptions for HMDA Reporting and Regulation Z Escrow Requirements
  • Agencies Publish Guidance to Address Consumer Compliance Risks Associated with Use of Social Media
  • Agencies Issue Clarifying Guidance for Qualified Mortgages


Capital Markets & Investment Management

  • Agencies to Review Treatment of Collateralized Debt Obligations under the Final Volcker Rule
  • SEC Proposes Rules to Increase Smaller Company Access to Capital
  • FINRA Announces 2014 Regulatory and Examination Priorities
  • FINRA Solicits Comment on CARDS Proposal
  • CFTC Issues Advisory on Commodity Trading Advisors and Swaps
  • Enforcement Actions

Recent Supervisory Actions