The Alternative Investment Management Association ("AIMA") published an updated edition of its due diligence questionnaire ("DDQ") for hedge fund investment. According to the AIMA, the DDQ is used by prospective investors when assessing hedge fund managers, and is considered to be the industry-standard template. Additionally, the DDQ helps managers respond efficiently to requests for information from multiple investors.

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (collectively, the "Agencies") adopted a joint final rule modifying the definition of the denominator of the supplementary leverage ratio ("SLR"). The revisions to the SLR, which are consistent with recent changes agreed to by the Basel Committee on Banking Supervision, apply to all banking organizations subject to the advanced approaches risk-based capital rule. Generally, these are banking organizations with total consolidated assets of $250

The Board of Governors of the Federal Reserve System, the FDIC, the Office of the Comptroller of the Currency, the Farm Credit Administration and the Federal Housing Finance Authority, (the "Prudential Regulators") voted to establish minimum margin and capital requirements for registered swap dealers, major swap participants, security-based swap dealers and major security-based swap participants for which one of the Prudential Regulators has primary margin authority. The proposed rules implement Dodd-Frank Sections 731 and 764, which requires the Prudential Regulators to adopt rules jointly to

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System ("FRB") and the Federal Deposit Insurance Corporation ("FDIC") issued a joint final rule that implements a minimum liquidity coverage ratio ("LCR") requirement for certain large bank holding companies, savings and loan holding companies, and depository institutions. The final rule would require the largest U.S. banking organizations to maintain certain high-quality liquid assets ("HQLA") equal to projected stressed cash outflows over a 30 calendar-day stressed scenario. These organizations

The Federal Housing Finance Agency ("FHFA") proposed revisions to the eligibility requirements for financial institutions that apply for and retain membership in one of the twelve Federal Home Loan Banks ("FHLBs"). The revisions would, among other things: require each applicant and member institution to hold one percent of its assets in "home mortgage loans" to satisfy the statutory requirement that an institution make long-term home mortgage loans; define the term "insurance company" to exclude from FHLB membership captive insurers, but permit existing captive members to remain as FHLB