The Federal Reserve, FDIC, and OCC issued the host state loan-to-deposit ratios, which banking agencies will use to determine compliance with Section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. Section 109 of the Act prohibits a bank from establishing or acquiring a branch or branches outside of its home state primarily for the purpose of deposit production. The recently issued ratios update data from June 29, 2012. See: FRB, FDIC, OCC Joint Press Release. See also: Section 109 Host State Loan-to-Deposit Ratios.

Linked below is an article entitled "Drums along the Potomac," which appears in the current edition of the Energy Metro Desk . This article discusses the turmoil surrounding CFTC Chairman Gensler's efforts to impose a CFTC-centric version of cross-border rules upon the global financial marketplace, Commissioner Wetjen's proposal to issue "interim final guidance" instead, and Commissioner O'Malia's analysis of the issue. The article summarizes four GOP House bills to amend various aspects of Dodd-Frank and comments on recent speculation concerning the identity of the Administration's choice for

The CFTC has issued an Amended Order expanding, through mutual acceptance by international regulators, the list of Legal Entity identifiers ("LEIs"), as defined in CFTC Rule 45.6 ("Legal Entity Identifiers"), that can be used by registered entities and swap counterparties in complying with CFTC's swap data reporting regulations. The Amended Order Revises the CFTC order of July 23, 2012, which directed all registered entities and swap counterparties to use LEIs in swap recordkeeping and swap data reporting provided by the DTCC-SWIFT. The CFTC is participating in an international process to

The SEC issued a no-action letter laying out certain conditions that must be met in order to allow Foreign Options Markets to familiarize registered broker-dealers and large financial institutions with their markets and the options traded on those markets without registering under Section 6 of the Exchange Act as a national securities exchange. The required conditions with which the Foreign Options Markets must comply include requirements that the Foreign Options Markets maintain: a website updated in English, instead of filing an options disclosure document. their most recently published

The SEC granted an exemption to ICE Clear Europe from the registration requirement under Exchange Act Section 17A(b)(1) ("National system for clearance and settlement of securities and transactions"), solely with respect to ICE Clear Europe's provision of clearance and settlement services for LIFFE Securities Products. The SEC based the decision on the fact that the proposed clearing of the LIFFE Securities Products would exceed the scope of activities permitted by ICE Clear Europe's registration as a SBS clearing agency, therefore ICE Clear Europe may not clear the LIFFE Securities Products