Cabinet News & Views

In This Issue ...

The 24/7 news cycle kept churning this week, but hopefully not lost in the shuffle was the Federal Reserve Board's announcement on the individual capital requirements for all large banks, following the June announcement of Dodd-Frank Act Stress Test results. Let's not forget: this supervision is there for a very good reason − namely, to ensure that banks are sufficiently capitalized to absorb losses during times of stress. We look at the FRB announcement, and other key announcements from U.S. and UK agencies, this week.

As always, we welcome your thoughts. Just write to us here.

Daniel Meade and Michael Sholem
Co-Editors, Cabinet News and Views

Federal Reserve Releases Large Bank Capital Requirements

By Daniel Meade

Partner | Financial Regulation

Last week, the Federal Reserve Board announced the individual capital requirements for all large banks, effective on October 1.

By Michael Sholem

Partner | Financial Services

On August 3, the UK’s Financial Conduct Authority published a policy statement on improvements to the appointed representatives regime.

By Mercedes Kelley Tunstall

Partner | Financial Regulation

Following the Consumer Financial Protection Bureau’s supervisory observations that the auto finance industry seemed to be struggling with providing adequate consumer protections to servicemembers, the CFPB has joined with the Department of Justice to reach out directly to auto finance companies, emphasizing the importance of compliance with the Servicemembers Civil Relief Act.

By Michael Sholem

Partner | Financial Services

By Camillo Di Donato

Associate | Corporate

The UK Financial Conduct Authority fined a board Chairman for the unlawful disclosure of inside information and market abuse in breach of the UK Market Abuse Regulation.

Cadwalader’s financial services team completed its four-part webinar series on capital relief trades last week.

We're excited to announce that our annual "Cadwalader Finance Forum" is coming back as an in-person event in Charlotte once again on Thursday, October 27.