Weekly Regulatory Deadlines | January 29 to February 04
Recordkeeping and Reporting Requirements for Security-Based Swap Dealers, Major Security-Based Swap Participants, and Broker-Dealers
SEC | Broker-Dealer, Securities | Final Rule
Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of the Beneficial Ownership Requirements for Legal Entity Customers
FINCEN | Securities | Notice
Financial crisis ramifications rack up $36 billion in fines
Asset Servicing Times 02/03/2020
Global financial institutions have tallied up fines of as much as $36 billion since the financial crisis, according to the software company Fenergo and its December 2019 findings on financial institutions...
Stocks, commodities firmer as China works to cool virus worries
World markets bounced on Tuesday, with Chinese stocks reversing some of a previous coronavirus-related plunge amid official efforts to soothe nerves and both Europe and metals scoring their best day of the year so far...
Top Antitrust Official Is Said to Recuse Himself From Google Inquiry
The New York Times 02/04/2020
Makan Delrahim, the head of the antitrust division at the Department of Justice, has recused himself from investigating Google, even as the agency’s examination of the largest tech companies ramps up...
Tearing up CFPB’s mortgage underwriting rule is the easy part
American Banker 02/02/2020
Now that the Consumer Financial Protection Bureau has vowed to remove an unpopular measure of loan affordability in its mortgage underwriting rule, the million-dollar question is: What alternative standard should replace it?...
Small Step for Fannie and Freddie, a Leap for Houlihan
The Wall Street Journal 02/04/2020
Awarding a potential $45 million advisory contract to help the U.S. government sort out the future of housing giants Fannie Mae and Freddie Mac is a major event—for Houlihan Lokey, the investment bank that won the work...