FS regulatory briefs

Private equity qualifications for acquisitions of failed banks
On August 26th the FDIC issued a final policy statement regarding qualifications for purchases of failed-banks by non-bank entities. The purpose of the policy statement ("Statement") is to provide guidance to private equity ("PE") firms concerning the FDIC's standards for such purchases.

Proposed changes to Regulation Z (Truth in Lending)
The briefing provides a summary of the key provisions of the proposal. The comment period on the proposed rules ends on November 27, 2009.

How might the CFPA impact fair lending enforcement
The proposed Consumer Financial Protection Agency (“CFPA” or “Agency”) Act of 2009 represents the Obama administration’s proposal to strengthen consumer protection and oversight in response to the recent financial crisis.

Private Fund Investment Advisers Registration Act of 2009
The SEC adopts indexed annuity governance rule
SEC and State Attorneys General focus on pay-to-play
Federal charter bill introduced in Congress
New SEC focus on fund expenses
Will regulatory scrutiny of model risk management intensify?
SEC sweep examination of custodial controls
Regulators collectively deny life insurance industry's request for 2008 capital and surplus relief, leaving states free to exercise independent judgment
New credit card rules issued by Federal Regulators
The Emergency Stabilization Act of 2008
The expansion of the SEC investigation of market manipulation and FBI probe into financial companies
The new SEC and FSA actions on short selling and disclosure requirements
The recent remarks by the Comptroller of Currency on compliance supervision
The SEC's Emergency Order to limit short selling in certain financial entities
New SEC investment advisor examination request list
Best practices for the hedge fund industry