February 7, 2011 The FDIC today approved a final rule on Assessments, Dividends, Assessment Base and Large Bank Pricing. The rule implements changes to the deposit insurance assessment system mandated by Dodd-Frank and revises the assessment system applicable to large banks to eliminate reliance on debt issuer ratings and make it more forward looking. Dodd-Frank required that the base on which deposit insurance assessments are charged be revised from one based on domestic deposits to one based on assets. Cross References Press Release

February 8, 2011 First, the proposed rule establishes the requirements for determining if a company is "predominantly engaged in financial activities." Under the Dodd-Frank Act, a company generally can be designated by the Council only if 85 percent or more of the company's revenues or assets are related to activities that have been determined to be financial in nature under the Bank Holding Company Act. Second, the proposed rule defines the terms "significant nonbank financial company" and "significant bank holding company." Among the factors the Council must consider in determining whether

February 2, 2011 This SR letter clarifies the criteria for conducting safety-and-soundness, consumer compliance, Community Reinvestment Act, and trust examinations of insured depository institutions that are either seeking to become state member banks, or merging with another institution where a state member bank would be the surviving entity. Cross References SR 11-2 / CA 11-2 SR 01-5 (SUP)

Speech by Rick Ketchum February 8, 2011 In a speech before the CCOutreach BD National Seminar, FINRA Chairman and CEO Rick Ketchum discussed a number of issues relevant to broker-dealers. Mr. Ketchum expressed support for the movement to a fiduciary duty for broker-dealers that provide investment advice, and noted that FINRA believes that customers should receive more disclosure from broker-dealers about products, conflicts of interest, and services provided. In addition, Mr. Ketchum highlighted a number of exam priorities, including (i) suitability as to products; (ii) private placements and

CFTC Dodd-Frank Rulemaking 76 Fed. Reg. 6715 February 8, 2011 Closing Date for Comments: April 11, 2011 The proposed rules would establish requirements for swap trading relationship documentation for swap dealers and major swap participants. The rule is being proposed pursuant to Section 731 of the Dodd-Frank Act added a new section 4s(i) to the Commodity Exchange Act, which requires the Commission to prescribe standards for swap dealers and major swap participants related to the timely and accurate confirmation, processing, netting, documentation, and valuation of swaps. Cross References Dodd