Developments in Securities Regulation, Corporate Governance, Capital Markets, M&A and Other Topics of Interest. MORE

On July 11, 2011, President Obama issued Executive Order 13579, “Regulation and Independent Regulatory Agencies.”  The FDIC, in response,  has noted it has a long-standing policy and practice of reviewing its proposed and existing regulations to evaluate their impact.

As part of its implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), the FDIC is also engaged in an ongoing review of its rules affected by the Dodd-Frank Act. The FDIC has stated it is updating, streamlining, or rescinding some of its rules to comply with and conform to the Dodd-Frank Act. The FDIC stated it is also working to establish clear rules that will ensure a stable financial system and impose minimum regulatory burden. In all Dodd-Frank Act rulemakings, the FDIC maintains it has been coordinating its efforts closely with the other financial regulators to ensure consistency and avoid duplication of efforts.

Check frequently for updates on the Dodd-Frank Act and other important securities law matters.

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