About "Financial services regulatory practice"

This PwC financial services regulatory practice has diverse regulatory knowledge (banking, broker/dealer, insurance, investment management) covering a range of complex regulatory challenges facing large financial services firms.

Article archive

• US Financial Regulatory Reform: Key Dates
  

  5/15/13 | Financial services regulatory practice

  This timeline of US financial regulatory reform summarizes final rules and notices of proposed rules for major regulatory topics including Derivatives, Basel III, Volcker, and more.

• Resolution Planning -- New guidance, more time, no specificity
  

  4/26/13 | Financial services regulatory practice

  This FS Regulatory Brief (a) analyzes the guidance’s key points, and (b) offers our view that further written regulatory detail is unlikely to be provided in the near term because of the guidance’s link to the Too Big To Fail debate in Washington and because of lack of agreement between the regulators.

• Volcker Rule: Are banks keeping the [good] faith?
  

  3/7/13 | Financial services regulatory practice

  This FS Regulatory Brief provides our view of (a) where banks stand right now in preparing for Volcker, (b) the timing of the final rule and what it may look like, (c) the response of foreign regulators, and most important (d) what banks should be doing now.

• Dodd-Frank stress testing requirements for mid-sized financial firms: Highlights and insights
  

  2/13/13 | Financial services regulatory practice

  PwC analyzes the business implications, for mid to large-size financial firms, of meeting Dodd-Frank expectations for stress testing and capital planning.

• The SEC proposes new rules to allow issuers making private offerings to advertise
  

  9/10/12 | Financial services regulatory practice

  On August 29, 2012, the SEC proposed new rules to implement the JOBS Act. The SEC’s proposed rule would permit the use of general solicitation when offering or selling private securities under Rule 506 of Regulation D, provided that certain conditions are satisfied.

• CFPB Issues New Mortgage Proposals: Analysis and Next Steps
  

  8/14/12 | Financial services regulatory practice

  August 2012 - On July 9, 2012, the Consumer Financial Protection Bureau issued two Notices of Proposed Rulemaking to implement key residential mortgage reforms of the Dodd-Frank Act. We briefly describe these proposals – which total almost 1400 pages combined.

• A new D-day: Dodd-Frank swaps and swap dealer registration begins October 12, 2012 - or does it?
  

  8/5/12 | Financial services regulatory practice

  This FS Regulatory Brief discusses the registration deadline issue in broad terms. It explores the ramifications that different dealer registration deadlines will have on sell- and buy-side firms, including on the start of swap data reporting. Additionally, there are updated timelines showing the key compliance dates for US swap dealers and foreign swap dealers.

• G-SIIs vs. G-SIFIs: Lines blur between insurance and banking
  

  7/25/12 | Financial services regulatory practice

  July 2012 - As a part of a global initiative to help prevent a repeat of the 2008 financial crisis and reduce the threat posed by global systemically important financial institutions, the International Association of Insurance Supervisors has released its proposed assessment methodology for the identification of global systemically important insurers.

• US Basel III Regulatory Capital Regime and Market Risk Final Rule - July 2012
  

  7/20/12 | Financial services regulatory practice

  July 2012 - The three federal banking agencies released three notices of proposed rulemaking that will revise regulatory capital rules for US banking organizations and align them with the Basel III capital standards that were issued in December 2010 and subsequently updated in 2011 (Basel III).

• The Tipping Point: Swap Product Definitions Finalized
  

  7/17/12 | Financial services regulatory practice

  The CFTC and SEC released final definitions of what is a 'swap' or 'security-based swap' under the Dodd-Frank Act. This FS Regulatory Brief discusses the projected timing for swap dealers (and major swap participants) to comply with the CFTC's regulation of swaps.

• Extraterritorial derivatives guidance proposed by CFTC: More analysis required, impact unclear
  

  7/9/12 | Financial services regulatory practice

  July 2012 - On June 29, 2012, the CFTC released its much anticipated proposed cross-border guidance to interpret when Dodd-Frank Act derivatives regulations reach beyond US shores. It also released a proposed exemptive order that would grant temporary relief from compliance dates for certain regulations.

• 23A revisited: Significant changes to affiliate transaction rules are coming
  

  6/11/12 | Financial services regulatory practice

  June 2012 - This PwC FS Regulatory Brief is a summary of the changes made by Dodd-Frank to bank affiliate transaction rules, the status of regulatory efforts, what banks can do to assess its impact and related issues.

• Expense Practices for Private Fund Advisers
  

  5/18/12 | Financial services regulatory practice

  May 2012 - This FS Regulatory brief provides important information to assist hedge fund and private equity fund advisers in understanding the general risks around expense practices, and creating and maintaining a sound control framework to address those risks.

• The Volcker Rule: How much faith is good faith?
  

  5/14/12 | Financial services regulatory practice

  May 2012 - The Federal Reserve Board of Governors released a policy statement intending to clarify expectations for covered banking entities regarding the Volcker Rule. What constitutes “good faith” efforts toward compliance is unclear. The largest banks have been undertaking a “good faith” approach to Volcker since the passage of Dodd-Frank.

• A Closer Look: SIFI standards: Single counterparty exposure limits
  

  4/30/12 | Financial services regulatory practice

  April 2012 - In this A Closer Look, we review and analyze the Federal Reserve Board's new standards for systemically important financial institutions (SIFIs) that introduce a single counterparty exposure (concentration) limit.

• SEC Issues Exemptions from the Large Trader Reporting Rule
  

  4/29/12 | Financial services regulatory practice

  April 2012 - On April 20, 2012, the SEC issued an order temporarily exempting broker-dealers from the recordkeeping, reporting and monitoring requirements of new Rule 13h-1 under the Securities Exchange Act of 1934 and granting a permanent exemption for certain securities transactions.

• FS Regulatory Brief: Final Swap Dealer and MSP Definitions: To Register or Not to Register - Closer to an Answer
  

  4/23/12 | Financial services regulatory practice

  The CFTC and SEC approved a final rule that defines the terms 'swap dealer,' 'major swap participant' and 'eligible contract participant' under the Dodd-Frank Act. The CFTC has provided compliance deadlines for swap dealer/MSP registrants in October that will hold firm absent significant regulatory delay.

• Volcker, For Now, Just Good Faith
  

  4/20/12 | Financial services regulatory practice

  April 2012 - The Federal Reserve Board issued a formal Policy Statement on its interpretation of the conformance period provided in the Dodd-Frank Act for the Volcker Rule in which they 'confirmed' that covered entities 'by statute' have two years from July 21, 2012, to conform all of their activities and investments to the Volcker Rule.

• FSOC finalizes rules for designating nonbank financial companies as SIFIs
  

  4/18/12 | Financial services regulatory practice

  April 2012 - In this FS Regulatory Brief, we review and analyze the Financial Stability Oversight Council's final rules for designating nonbank financial companies as SIFIs, the designation process and how companies can prepare.

• A fast take on the impact of the Dodd-Frank Act on asset management firms
  

  4/13/12 | Financial services regulatory practice

  April 2012 - Several provisions of the Dodd-Frank Act impact the asset management industry, either directly as regulated investment advisers, or indirectly as participants in the markets. Here is a summary of how Dodd-Frank impacts asset managers.

• Swap Data Reporting: Ready to Deliver?
  

  3/30/12 | Financial services regulatory practice

  March 2012 - Swap data reporting is fast approaching in the United States as a leading edge of Dodd-Frank derivatives reform.

• CFTC Adopts New Rules Requiring Advisers to Investment Companies and Private Funds to Register
  

  3/2/12 | Financial services regulatory practice

  March 2012 - The CFTC amended rules to require private fund managers and SEC-registered investment companies with more than 5% of their portfolio holdings in commodity interests to register with the CFTC. The CFTC also proposed 'harmonization' rules to ease dual compliance with the SEC and CFTC.