The OCC announced that Thomas J. Curry, Comptroller of the Currency, has been named Chairman of the Federal Financial Institutions Examination Council ("FFIEC") for a two-year term. Mr. Curry succeeds Debbie Matz, Chairman of the National Credit Union Administration ("NCUA"). The FFIEC has also named Daniel K. Tarullo, member of the Board of Governors of the Federal Reserve System, as its new Vice Chairman for a two-year term. Click here to view announcement in full (links externally to OCC website). For a compilation of recent news items in regard to personnel changes at various regulator and

SIFMA submitted the attached comments to the Colorado State Senate Labor Committee in opposition of social media legislation HB 1046, arguing that the legislation would prohibit employers from requiring that current or prospective employees provide employers with access to their personal social media accounts. In the letter, SIFMA asserts that while the securities industry has no interest in accessing employee accounts that are used exclusively for personal use, the problem is that many people use the same account for both personal and business activity. SIFMA states that the legislation

The Securities and Futures Commission (SFC) has conducted its fourth fact-finding survey on the Hong Kong hedge fund industry in conjunction with a data collection exercise coordinated by IOSCO concerning global hedge fund activities. The attached report aims to provide an update on the Hong Kong hedge fund industry and hedge fund assets under management (AUM) as of September 30, 2012. From 2010 to September 2012 hedge fund industry and AUM increased almost 38% to $87.1 billion. The total number of hedge funds managed by licensed hedge fund managers in Hong Kong also increased, from 538 in

The CFTC has approved final regulations governing dual and multiple associations of associated persons ("APs") of swap dealers ("SDs"), major swap participants ("MSPs") and other CFTC registrants (e.g., FCMs, IBs, CPOs and CTAs). The regulations provided that each SD, MSP and other CFTC registrant with whom an AP is associated is required to supervise the AP and is jointly and is severally responsible for the activities of the AP with respect to customers common to it and any other SD, MSP or other CFTC registrant. This rule is based on the CFTC's current rule governing APs associated with

The SEC announced the agenda for its April 16th roundtable, which will address: (i) market structure for municipal securities, (ii) corporate bonds and asset-backed securities, and (iii) whether steps can be taken to improve the transparency, liquidity, execution quality, and efficiency of the market structure for such securities. The roundtable will be divided into four panels, which will address the general background of each security, the differences between them, how each market has evolved in the last decade given the advances in technology and communications, and the process by which