On June 21, the Securities and Exchange Commission (SEC) adopted new rules and rule amendments to establish capital, margin and segregation requirements under Title VII of the Dodd-Frank Act. These rules largely aim to increase the risk-mitigation practices of security-based swap dealers and major security-based swap participants. Release.
On April 23, DBRS published a revised report on its rating methodology of Entities in the Real Estate Industry. Report.
On April 19, the Commodity Futures Trading Commission (CFTC) approved a final rule to revise an existing CFTC regulation that currently requires certain merchants and dealers, among other persons, to provide annual privacy notices to customers. The new rule will remove this requirement to provide annual privacy notices when certain conditions are met. Release.
On April 23, the Consumer Financial Protection Bureau (CFPB) announced changes to its current policies regarding Civil Investigative Demands (CIDs). These changes will require CIDs to provide more information about the alleged wrongful conduct under investigation. The new policy aligns with recent court decisions about notifications of purpose and is consistent with prior reports from the CFPB.
On February 20, DBRS published a report entitled: Rating Pooled Aircraft Lease Securitizations. Report.
On February 20, DBRS published a report entitled: Rating CLOs and CDOs of Large Corporate Credit. Report.
On February 15, Fitch published a report entitled: U.S. Public Finance Letter of Credit-Supported Bonds and Commercial Paper Rating Criteria. Report.
On February 15, Fitch published a report entitled: U.S. Public Finance Structured Finance Rating Criteria. Report.
On February 14, the Office of the Comptroller of the Currency (“OCC“) released a revised dataset for use by covered institutions in the upcoming 2019 stress tests. The previously published dataset contained an incorrect value for the mortgage rate in the fourth quarter of 2018. Release.
