Aug 16, 2012 RRP Eligibility Criteria for Banks and Savings Associations III, Government-Sponsored Enterprises II and Money Funds IV Aug 16, 2012 Application for Banks and Savings Associations III Application for Government-Sponsored Enterprises II Application for Money Funds IV The Federal Reserve Bank of New York published eligibility criteria for financial institutions seeking to enter into reverse repos with the FRBNY.

The OCC published a proposed rule for comment in the Federal Register regarding annual stress test reporting. The bank regulators' views as to the benefits of "stress testing" were discussed at moderate length in FSOC's first annual report on the stability of the financial system, particularly in Chapter 6 of that Report. (The report is linked to a news item dated July 19.) Comments Due: October 15, 2012 Cross-Reference(s): Dodd-Frank Act Section 165(i)(2). View in full here (links externally to OCC website).

The New York Department of Financial Services ("DFS") and Standard Chartered Bank ("SCB") have reached an agreement to settle claims that SCB's NY branch had violated AML obligations. The settlement stipulates that: (1) SCB will pay a civil penalty to DFS; (2) SCB will install a monitor who will evaluate SCB NY's money-laundering risk controls, and DFS examiners will be placed on site at SCB; and (3) SCB will permanently install personnel within its NY branch to oversee SCB's offshore money-laundering due diligence and monitoring. As a result of the settlement, the parties canceled a hearing

Who will the regulators hire to host the dropping of the ball? View countdown here (links externally to timeanddate.com).

The MSRB is requesting comment on draft amendments to MSRB Rule G-37 (on political contributions and prohibitions on municipal securities business) and MSRB Rule G-8 (on books and records to be made by dealers). The draft amendments would require public disclosures of additional information related to broker, dealer and municipal securities dealer contributions to bond ballot campaigns. Comments should be submitted no later than September 17, 2012. [Lofchie Comment: We note a dramatic uptick in regulatory attention to the municipal securities markets, including a recent major SEC Report on the