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Banking After Dodd-Frank  

June 30, 2012

The following video is part of our "Motley Fool Conversations" series, in which columnist Morgan Housel discusses topics across the investing world. 

 

Banks may be asked to exceed Basel III, says Bank of England  

June 29, 2012
The Bank of England’s financial policy committee (FPC) has warned banks they may have to increase capital buffers beyond the Basel III requirements if they are to weather the European debt crisis. Depending on the their risk profile, banks may be asked to temporarily exceed the loss-absorbing capital levels laid out as part of Basel III. This extra capital would also be expected to facilitate lending.
 

Counterparties feel effect of bank downgrades  

June 29, 2012

Last week, the managers in charge of a $380m collateralised debt obligation known as the “Sorin Real Estate CDO” made a decision. They decided to switch the CDO’s “counterparty” trading partner from Citigroup to Bank of New York Mellon. 

 

CFTC Skips `Intergalactic’ Power in Dodd-Frank Guidance  

June 29, 2012

JPMorgan Chase & Co. (JPM), Goldman Sachs Group Inc. (GS) and other banks won greater ability to fall under foreign regulations when they trade swaps overseas under guidance proposed for the Dodd-Frank Act’s international reach. 

 

U.S. to release details on banks' living wills  

June 29, 2012

WASHINGTON, June 29 (Reuters) - U.S. regulators on Tuesday will release details of the largest banks' "living wills" that will describe how the companies can be dismantled if they become insolvent, an official with the Federal Deposit Insurance Corp said. 

 

Think Tanks Slam Dodd-Frank for 'Crushing Impact'  

June 29, 2012

NEW YORK BankingMyWay-- If banks and consumers use a new think tank analysis as a baseline to measure the impact of Dodd-Frank, they'll find plenty of reason to wish the financial reform was never enacted by Congress. 

 

Deutsche Bank CEO: Basel III rules can disrupt economy  

June 28, 2012

Deutsche Bank co-chief executive Juergen Fitschen said Basel III capital rules needed to be implemented with caution or risk more disruptions to the economy such as Commerzbank's shock withdrawal from shipping finance.

The combination of trying to solve the euro zone financial crisis and stricter rules to make banks safer will impact the real economy, he said.

 

Big Banks To Tell Regulators How To Dismember Their Corpses  

June 28, 2012

Nine of the biggest banks, including JPMorgan Chase & Co. (JPM) and Bank of America Corp., are set to deliver plans this week for how their businesses could be unwound after a collapse as part of a U.S. government effort to show no financial firm is too big to fail. 

 

SEC Adopts New Procedures for Reviewing Clearing Submissions Under Dodd-Frank Act  

June 28, 2012

The Securities and Exchange Commission has adopted rules that establish procedures for its review of certain clearing agency actions. The rules were required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, which called for a new regulatory framework for trading in over-the-counter derivatives, including swap agreements. 

 

Top Texas lawyers say banks fear Dodd-Frank's unknown  

June 28, 2012

Texas community banks already pay a lot to comply with regulations. 

They add staff members, pay fees, hire outside advisers and more — but rules born out of Dodd-Frank have yet to be fully written, and Texas lawyers say banks are dreading the unknown.

 
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