Financial Services Spotlight

September 2016 Developments

Posted by Roy Andersen on Oct 4, 2016 12:00:00 PM


Two developments signal for the first time in my memory a cut back in bank powers.  The Fed is restricting physical commodities activities and merchant banking activities in its proposed rule just below.  In the same vein, the OCC is restricting national bank activities in industrial metals—i.e., copper.  These proposals are reversing decisions made many years ago and have seemingly operated without any appreciable losses to the banking industry.  The Fed is exempting certain banks from the full range of capital requirements and stress test is a proposed rule.

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Topics: OCC, Derivatives Clearing Organizations, Bank Holding Company Act, Japan, Regulation Q

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About the Spotlight

The Financial Services Spotlight examines the regulatory and technology developments impacting banks, asset managers and other financial services providers—where challenges meet opportunities.

The material on this site is for general information only and is not legal advice. No liability is accepted for any loss or damage which may result from reliance on it. Always consult a qualified lawyer about a specific legal problem.

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