Tuesday, September 16, 2014

SEC Volcker Rulemaking Overhaul Could be in the Works, Officials Suggest

Senior officials from the Securities and Exchange Commission March 6 hinted that the commission could overhaul its portion of a joint proposal with federal banking regulators to implement the Volcker rule.

SEC Adopts Scaled-Back Hedge, Private Fund Adviser Risk Reporting Rule

The Securities and Exchange Commission Oct. 26 unanimously adopted a rule that will require hedge and other private fund advisers to report information—scaled to the size and types of funds—that will be used by the Financial Stability Oversight Council to assess systemic risk…

SEC, Banking Regulators Propose Rule To Ban Proprietary Trading By Banks

October 21, 2011 in BNA's Banking Report · Leave a Comment 

Federal banking regulators Oct. 11 issued a controversial and long-awaited proposalto bar, with certain exemptions, banking entities from engaging in proprietary trading, and to limit their investment and sponsorship of hedge and private equity funds…

SEC Proposes to Require Systemic Risk Reports from Certain Private Fund Advisers

The Securities and Exchange Commission Jan. 25 unanimously proposed to require certain private fund advisers to report information that ultimately would be shared with the Financial Stability Oversight Council to monitor systemic risk…

OUTLOOK 2011: SEC 2011 Enforcement Trends to Include Whistleblowers and Cooperation

In 2011, the single most important development likely to impact the Securities and Exchange Commission’s enforcement program is finalization of the whistleblower bounty program, the defense bar told BNA in recent interviews and comments.

Other major enforcement trends anticipated to take center stage this year include further development of the SEC’s cooperation program; a continuing close alliance between the SEC and…

‘Volcker Rule’ Study Says New Metrics, Compliance Regimes Needed for Bank Proprietary Trading Ban

January 20, 2011 in Banking Report · Leave a Comment 

The Financial Stability Oversight Council (FSOC) Jan. 18 approved a study on the “Volcker rule” that calls for new types of quantitative metrics to determine banned proprietary trading activities and for regulated banks to develop internal compliance regimes in which top corporate officers could be held…

BNA INSIGHTS: Information Technology and the Investment Adviser of Private Funds: 2011 and Beyond: Bracing for the Onslaught

The year 2011 will dramatically transform the way that investment advisers of private funds do business. This is especially true about how these investment advisers implement their information technology (IT) infrastructure and handle electronically stored information (ESI)…

BNA INSIGHTS: New SEC Enforcement Unit Focuses on Funds and Advisers

For decades, the Securities and Exchange Commission’s Enforcement Division allocated few of its limited resources to the world of funds and advisers. The ’40 Act was left to the regulatory lawyers while, apart from the combined state-federal campaign against market timing and late trading a few years ago, the…

SEC Weighing Enforcement Priorities for Private Equity Fund Advisers Ahead of Final Registration Requirements

The Securities and Exchange Commission, which only days earlier proposed registration requirements for private equity fund advisers, is already seeking to identify the priorities that should shape its…

Fed Proposes Rule Setting “Volcker Rule” Compliance Period of Two Years, Extensions

The Federal Reserve Board is seeking public comment on a Nov. 17 proposed rule that would give banks two years to comply with Volcker rule restrictions on proprietary trading once they…

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