The MSRB is requesting comment on a draft amendment to MSRB Rule G-11 (on primary offering practices) (the "Draft Rule G-11 Amendment") concerning the practice by brokers, dealers, and municipal securities dealers ("dealers") of consenting to changes in authorizing documents for municipal securities. The Draft Rule G-11 Amendment seeks to address concerns raised in comments received by the MSRB from market participants on an earlier draft interpretive notice relating to such practice. View notice in full here (links externally to MSRB website).
News & Insights
In its new report, the Semiannual Risk Perspective for spring 2012, the OCC discusses top risks facing national banks and federal savings associations include the lingering effects of a weak housing market, revenue challenges related to slow economic growth and market volatility, and the potential that banks may take excessive risks in an effort to improve profitability. View press release here (links externally to OCC website).
View order in full here (links externally to SEC website).
View order in full here (links externally to SEC website).
The FDIC issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in April 2012. View press release in full here (links externally to FDIC website). Additional Materials: Monthly list of Banks Examined for CRA Compliance; July 2012 List of Banks Examined for CRA Compliance