Banking Report Index-Summary

RACKETEERING

– Luxury resort property owners' RICO class action against Credit Suisse Bank and Cushman and Wakefield (D. Idaho), 94:28

REAL ESTATE

– Accounting, investment properties, FASB plans for new rulemaking project, 94:519
– Commercial sector loans

– – CoStar Commercial Repeat Sales Indices, July 2010 report, 95:270
– – Credit guarantee program

See LEGISLATION, FEDERAL, HR 5816

– – Delinquency rate, Moody's report, Sept. 2010, 95:692
– – Economic outlook for market, BNA Insights, 95:123
– – Economic recovery, industry coalition plan, 94:694
– – Green market trends favoring accountability, transparency, and disclosure, 94:753
– – High lending rates, correlation with cuts in other types of loans, FRB Chicago study, 95:888
– – Investment momentum builds but major concerns remain, BNA Insights, 95:899
– – Moody's/REAL Commercial Property Price Index, March 2010 report, 94:1038; April 2010 report, 94:1291; May 2010 report, 95:164; June 2010 report, 95:164; Sept. 2010 report, 95:977
– – Overall outlook, emerging trends report, 95:690
– – Publicly held firms raising equity capital, 95:568
– – Recovery, second quarter 2010, BNA Insights, 95:77
– – Regulatory policy, search for solutions to dilemma, BNA Insights, 95:178
– – REIT rebound as possible leading edge of gradual stabilization in sector, 94:871; expert remarks, 95:934; forecast for 2011 activity, 95:974; analysis of stabilization effect during financial crisis, BNA Interview, 95:1042
– – Retail market review, CoStar Group first quarter 2010 report, 94:873
– – Risk assessment, S&P ratings outlook report, 94:267
– – Slow recovery and excess supply, adverse effects on market, 94:1250
– – Smaller bank hardships due to exposure to troubled market, 94:316
– – Stability and steady improvement on REIT wish list, 94:967
– – Stress in marketplace negatively impacting ability of small banks to extend credit to small businesses, 95:966
– – Temporary tax breaks for investments

See LEGISLATION, FEDERAL, HR 5943

– – Underwriting, recommendations for better practices, 94:139

– Covered bonds,Garrett (R-NJ) measure on alternatives to commercial mortgage-backed securites, 94:566; further action, see LEGISLATION, FEDERAL, HR 5823
– Foreign investment

– – Maximum investment limits

See LEGISLATION, FEDERAL, HR 5901

– – Progress on tax extenders package unlikely, Shay remarks, 94:975

– Judicial taking theory in Fla. beach erosion dispute rejected (U.S., judg aff), 94:1256
– Luxury resort property owners' RICO class action against Credit Suisse Bank and Cushman and Wakefield (D. Idaho), 94:28
– Midterm election gains by GOP, possible shift in emphasis on issues of concern for industry, 95:776
– Notarizations, out-of-state recognition

See LEGISLATION, FEDERAL, HR 3808

– Property appraisal

– – FRB interim final rule as good starting point, BNA Insights, 95:950
– – Interagency guidelines, final supervisory document on practices, 95:1012

– Regulatory reform, sector focus on key provisions, Analysis and Perspective, 94:780
– RESPA

– – Anti-kickback provisions

– – – Fees not split with another party, applicability to loan discount, origination, and processing fees (5th Cir.), 95:1030
– – – Lender payments to mortgage brokers (U.S., rev den), 95:581

– – Quicken Loans, discount points not “settlement service” (11th Cir.), 95:1130

RECORDKEEPING AND REPORTING

– Insurance, analyst dissatisfaction with current industry reporting framework, 94:109
– Spain, systematic credit card transaction reporting requirements, 94:117
– Uncertain tax position reporting plan seen changing landscape of disclosure, BNA Insights, 94:294
– Unified tax information reporting framework, FATCA possible foundation, Shulman remarks, 94:1179

REGULATORY POLICY

– Congressional approval of major rulemaking

See LEGISLATION, FEDERAL, S 3826

– Congressional Review Act, notification failures by federal agencies, Special Report, 94:79

REGULATORY REFORM

– Accounting, SEC-FASB cooperation on changes for preventing Lehman Bros.-like abuses, Schapiro remarks, 94:801
– Banking supervision, BIS annual report on urgent needs, 94:1283
– Business Roundtable quarterly meeting, agenda for 2011, 95:1071
– Canada, report urging leadership role in reform of global financial system, 94:165
– Cooperative efforts, Geithner and Barnier pledges, 95:775
– Corporate governance issues, Kanjorski (D-Pa) remarks, 94:805
– Derivatives

– – Additional trading reforms for OTC products, 94:479
– – Dealers, Gensler remarks on consumer protection, 94:224
– – End-user alliance promotion of trading transparency and central clearing, 94:276
– – Global financial reform dependent on controls on derivatives, Gensler remarks, 94:1171
– – Principles-based approach as best choice, American Bar Ass'n task force report, 95:59
– – Risk concentration, Gensler remarks, 94:521
– – Senate actions

– – – Financial system reform, Dodd (D-Conn) measure provisions, 94:498; failure to reach comprehensive consensus, 94:546; Gregg (R-NH) negotiations on oversight, 94:606
– – – Transparency, Lincoln (D-Ark) remarks about Agric. Comm. plans, 94:606

– – “Sovereign arbitrage” among global financial firms, Dodd (D-Conn) focus on international standards, 95:254

– Dodd-Frank Act

See DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT

– European Union

– – Banking supervision regime, recommendation to restore binding decisionmaking powers and review clause, 94:240; expanded powers for new banking authority, 94:332
– – Corporate governance, European Comm'n proposed rules, 94:380
– – Insurance of bank deposits, European Comm'n proposed rules, 94:380
– – Proprietary trading by financial institutions linked to insured deposit entities, consideration of Obama administration proposals, 94:380

– Financial regulatory system overhaul

– – Brown victory in Mass., possible impact, 94:143
– – Capital and collateral requirements vital, Greenspan remarks, 94:909
– – Community banks, Pres. Obama meeting with officials from 12 banks on White House agenda, 94:11
– – Consensus on some concepts, Tarullo remarks, 94:414
– – Consumer Financial Protection Agency

– – – Dodd (D-Conn) defense of legislative efforts, 94:460
– – – Funding mechanism undecided, 94:1167
– – – Post-legislative actions

See CONSUMER FINANCIAL PROTECTION BUREAU (CFPB)

– – – State AGs push for proposal, 94:309

– – Credit rating agencies, uniform system requirements under both House and Senate proposals, 94:566
– – Failure to shore up weaknesses in system undercutting economic recovery, Barr remarks, 94:271
– – Foreign regulators share common goal with U.S., Brainard testimony before Senate Banking Comm., 95:172
– – Gaps in market oversight, Ohio AG remarks, 94:1082
– – Hard caps on bank leverage necessary, Hoenig remarks, 94:908
– – Hill Watch, 94:712
– – “Holistic reform” approach necessary, Bair remarks, 94:510
– – IMF review of banking system, 95:207
– – Implementation of new federal laws key to actual reform, attorney comments, 94:851
– – Insurance holding companies as part of reform, House hearing, 94:553
– – Investment advisor registration with SEC, closing loopholes necessary, 94:363
– – Key elements of Obama administration plan

– – – Implementation of provisions in pending measures already underway, 94:641
– – – Treasury Dep't support, 94:408

– – Lending, assessment of impact, BNA Insights, 95:74
– – Lincoln (D-Ark) measure barring federal bailout funds for certain derivatives deals, 94:749
– – Misperception of crisis, Financial Crisis Inquiry Comm'n hearings, 94:92
– – Modernized dual banking system, managing preemption and oversight, BNA Insights, 94:993
– – National Inst. of Finance establishment

See LEGISLATION, FEDERAL, S 3005

– – N. Am. Securities Admr's Ass'n concerns, 94:752
– – Opposing views from regulators and industry on necessary actions, 94:1174
– – Opposition to Volcker rule, Cohen remarks, 94:464
– – OTC derivatives, enhanced transparency and disclosure requirements necessary, regulator comments, 94:509
– – Oversight of capital system not likely to change, according to Group of 30 official, 94:139
– – Pace of financial innovation not leading to increased economic efficiency, Volcker remarks, 94:1022
– – Pension community opinions on value of CFPA for regulating service provider activities, 94:367
– – Proprietary trading activities

– – – Ban, Bernanke remarks, 94:410
– – – Nonbank financial firms, Treasury Dep't proposal for quantitative limits and capital requirements, 94:459

– – Quick passage potential, Geithner remarks, 94:595; advice on undue financial industry influence on process, 94:597
– – Role of FRB

– – – Bernanke letter to key lawmakers, 94:102
– – – Bullard remarks on regulatory authority, 94:415
– – – Evans remarks on consolidated supervision, 94:469
– – – Independence, threat by GAO audit proposal, 94:272
– – – Kelly remarks on resolution authority, 94:511
– – – Oversight functions maintenance and enhancement, FRB and banking industry lobbying campaign, 94:458
– – – Rosengren remarks on financial system supervision, 94:468
– – – Selection process for political appointees, Dodd (D-Conn) plan, 94:598
– – – Small bank supervision, FRB authority necessary, Bernanke remarks, 94:545
– – – Volcker speech at Economic Club of N.Y., 94:102

– – Senate actions, Dodd (D-Conn) and Shelby (R-Ala) joint statement on goals for measure, 94:5; legislative push still on track, 94:49; Dodd and Shelby impasse, 94:259; investor advocates urge retention of broker-dealer exemption from fiduciary standard, 94:279; Dodd draft measure, 94:348; Dodd and Shelby trade competing proposals, 94:399; measure introduced and markup scheduled, 94:497; summary of important provisions, 94:497; derivatives oversight provisions, 94:498; Volcker rule included, 94:499; Banking Comm. vote, 94:543; shift of prudential oversight responsibilities, 94:544; failure to reach comprehensive consensus on derivatives, 94:546; taxation of nonadmitted insurance key to basic bill, 94:554; Bair remarks about possible backdoor loophole for future bailouts, 94:557; changes to FRB selection process and GAO audits, 94:598; securitization and SEC funding provisions likely impediments to bipartisan support, 94:599; Gregg (R-NH) negotiations on derivatives oversight, 94:606; possible impact of remittance provisions on credit unions, 94:647; further action, see LEGISLATION, FEDERAL, S 3217
– – Small banks, consolidation for survival likely following implementation of rules, 95:143
– – Systemic risk

– – – Creation of federal regulator, Paredes remarks, 94:652
– – – House actions

See LEGISLATION, FEDERAL, HR 4173

– – – Proprietary trading limits, Volcker rule, Hill Watch, 94:712

– – “Too big to fail” firms

– – – Multiple bank regulators, Warsh remarks, 94:610
– – – Proposed limits on size and activities, 94:127

– – Underwriting as focus of efforts, Dugan advice, 94:273
– – Venture capital funds, Paredes remarks, 94:363
– – Walter principles for balancing investor protection with systemic risk management, 94:857
– – Whistleblower awards for auditors, Senate measure, 94:604

– Global financial system reform

– – Canadian system at risk from proposed requirements for bank-wide leverage tests, banker remarks, 94:632
– – Competition, OECD report on impacts, 94:533
– – EU pressure against retreat from agreement on principles, 94:600
– – Fragmentation risk by national plans, global banking group concerns, 94:485
– – G-20, outline of Toronto summit agenda, 94:646
– – “Too big to fail” banks, global financial regulators' “menu” approach likely, 94:457
– – U.S. as leader, EU market commissioner recommendation, 94:988

– Government-sponsored enterprises

– – Comprehensive plan not waiting on financial system overhaul, Goolsbee remarks, 94:908
– – “Conference of experts” discussion, Geithner announcement and remarks, 95:250
– – Explicit guarantee of holdings necessary, Special Report, 95:188
– – Multi-family housing units, stakeholder recommendations for Fannie Mae and Freddie Mac roles in various markets, 95:294
– – Secondary market for U.S. residential mortgage-backed securities, need for explicit guarantee and role for covered bonds, 95:97

– OECD, Gurria remarks on Obama administration proposals, 94:241
– Outlook 2010, Special Report, 94:167
– Securities, SEC request for input from attorneys, 94:868; structural and other changes to stock market, 94:910; Schapiro recommendations for single fiduciary standard and more enforcement authority, 94:911; proxy access regime discussion, 95:8
– Subprime mortgages, Financial Crisis Inquiry Comm'n fraud investigation, 94:272
– Taxation, IRS contemplation of effect of Dodd-Frank Act and HIRE Act on financial products, 95:517

REMITTANCES

– Latin America, stabilization after steep drop, IADB report, 94:535
– Regulatory reform, possible impact of Dodd (D-Conn) measure provisions on credit unions, 94:647; push for revision of language in measure, 94:843
– Statistics, World Bank forecast, 95:898

REPORTING

See RECORDKEEPING AND REPORTING

RETAIL ESTABLISHMENTS

– BJ's Wholesale Club data breach, dismissal of class action suit affirmed (Mass.), 94:25
– Hannaford Bros. and 7-Eleven data breaches, hacker guilty plea, 94:27

RETIREMENT

– Disclosure of foreign financial accounts, Treasury Dep't proposal for plan fiduciary reporting, 94:368
– Individual retirement accounts

See INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)

RHODE ISLAND

– Foreclosures, free counseling, state notices law, 94:66
– Mortgage fraud, task force on deceptive foreclosure and loan modification operators, 94:878

RISK MANAGEMENT

– Consumer protection, risk-based pricing provisions of FACT Act, FRB and FTC joint rule on disclosure of credit report-based negative information, 94:12
– Correspondent bank relationships, federal interagency guidance, 94:845
– EU, stress tests, criteria and list of targeted banks, 95:70; 7 of 91 banks fail stress tests, 95:173
– Executive compensation as risk factor tied to deposit insurance premium levels, FDIC advance notice of proposed rulemaking, 94:51; board of directors release of proposal, 94:90
– Financial crisis, Citigroup missteps, questioning of former top executives, 94:687
– Funding and liquidity practices, federal and state regulators' guidance, 94:553
– Interest rate risks, FFIEC expanded guidance, 94:56
– Operational risk, Basel Comm. on Banking Supervision proposed updated guidelines, 95:1079
– Payment systems, FRB announcement of effective date for implementation of revisions, 95:12; encouragement of collateralized overdrafts, 95:562
– Risk aggregation models, Joint Forum warning of errors, 95:755
– Stress tests, beneficial template for improved FRB practices, Tarullo remarks, 94:609
– Switzerland, stress tests, largest banks pass, 95:174
– UK, stress tests, stringent bank requirements in preparation for worst case economic scenario, 94:534

RUSSIA

– Profit taxes, ruling favoring ZAO Citibank and 2 other companies, 94:535