In this issue....
The Financial Stability Oversight Council rescinded the designation of the last nonbank SIFI.
The BCBS issued final stress testing principles, replacing its 2009 Principles for sound stress testing practices and supervision.
The federal banking agencies issued Frequently Asked Questions (FAQs) on appraisal and evaluation functions regarding the agencies' real estate appraisal regulations and guidelines.
News reports indicate the CFPB intends to define “abusive” practices under its UDAAP authority. (WSJ 10/15).
The New Jersey Bureau of Securities requested comment on a pre-proposal that would impose a fiduciary duty on New Jersey broker-dealers, agents, investment advisers, and investment adviser representatives.
The Federal Reserve:
The FDIC Chair discussed the agency's efforts in developing guidance on resolution planning for U.S. G-SIBs, including international coordination in resolution preparedness.
An SEC investigative report on "business email compromises" said public companies should consider cyber threats when implementing internal accounting controls.
A CFTC Commissioner discussed the challenges for CCPs and swaps market participants.
The Department of Justice announced revisions to its Criminal Division that expand the number of attorneys with compliance skills and change guidance on the selection of monitors in corporate matters.