Financial Services Spotlight

June 2016 First Half Developments

Posted by Roy Andersen on Jun 16, 2016 12:00:00 PM

Overview

The Fed has published the proposed enhanced prudential standards for certain large insurance companies in the United States.  These standards are similar to the requirements that have been imposed on large United States based and foreign financial organizations.  It is probable that these proposals will be vigorously opposed by the insurance industry.  FinCEN has taken the rare step of determining that a country is of primary money laundering concern. In this case, North Korea has been so designated.  The banking agencies have re-proposed the rules regarding incentive-based compensation.

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Topics: Belarus, North Korea, CFTC, FSOC, Liquidity Risk Measurement, NSFR, Automated Trading, Hizballah, ANPR

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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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