Bank & Thrift Regulatory Update

• Janet Yellen Succeeds Ben Bernanke as Chair of the Federal Reserve Board
• OCC Survey Shows Banks’ Underwriting Standards Continuing to Ease
• OCC and Boston University to Host Symposium Commemorating 150 Years of National Banking
• FDIC Issues Guidance on Registration of Municipal Advisors

Enterprise & Consumer Compliance

• CFPB Issues Consumer Advisory on Industry’s Data Breach
• CFPB 2013 Supervision Report Highlights Mortgage Servicing Issues

Capital Markets & Investment Management

• SEC Issues Risk Alert on Investment Advisers’ Due Diligence Processes for Selecting Alternative Investments
• CFTC Announces Trade Execution Mandate for Certain IRS and CDS Contracts
• SEC Approves Merger of BATS Global Markets and Direct Edge
• Enforcement Actions

Financial Services Legislation

• Senate Passes Bill to Delay Certain Flood Insurance Premium Increases
• Senate Banking Subcommittee Hears Testimony on “Monitoring Systemic Risk: The Annual Report and Oversight of the Office of Financial Research,” including the Status of Data Collection and Analysis by the Office of Financial Research

Recent Supervisory Actions