On March 5, 2016, the Board of Governors of the US Federal Reserve System (Federal Reserve) re-proposed a rule, originally proposed in 2011, that would implement the single-counterparty credit limits (SCCL) contained in section 165(e) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) (SCCL Proposal).
On December 1, 2015, New York signaled that it will continue to pursue this separate path, when Governor Andrew Cuomo proposed a new AML regulation to address terrorist financing, sanctions violations and money laundering activities.
Following up on its promises to "move forward on regulations strengthening cybersecurity standards for banks' third-party vendors" and to "expand its information technology examination procedures to focus more attention on cybersecurity" the New York State Department of Financial Services issued a letter on November 9, 2015, to the Financial and Banking Information Infrastructure Committee.
A Chicago federal grand jury has indicted Michael Coscia, formerly a registered floor trader and sole owner of Panther Energy Trading LLC, for allegedly violating the anti-spoofing provision of the Commodity Exchange Act ..
The US Court of Appeals for the Second Circuit has ruled that the presumption against extraterritoriality applies to private party actions under Section 21(h) of the Securities Exchange Act of 1934 ("Exchange Act").
The US Securities and Exchange Commission has adopted final rules regarding the cross-border application of certain security-based swap provisions of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.