“In Brief: December 2013
- 36 Requirements Met, 1 Proposed. The CFTC, FDIC, Federal Reserve, OCC and SEC released final regulations implementing the Volcker Rule. The Federal Reserve released a proposed rule on extensions of credit by Federal Reserve Banks.
- 1 Study. The FIO issued a study on how to modernize and improve the system of insurance regulation in the United States.
State of Play to Date:
- In the past month, no rulemaking requirement deadlines passed, 36 rulemaking requirements were finalized and one rule was proposed that would meet a rulemaking requirement. ‘
- As of January 2, 2014, a total of 280 Dodd-Frank rulemaking requirement deadlines have passed. This is 70.4% of the 398 total rulemaking requirements, and 100% of the 280 rulemaking requirements with specified deadlines.
- Of these 280 passed deadlines, 132 (47.1%) have been missed and 148 (52.9%) have been met with finalized rules. Regulators have not yet released proposals for 56 of the 132 missed rules.
- Of the 398 total rulemaking requirements, 201 (50.5%) have been met with finalized rules and rules have been proposed that would meet 87 (21.9%) more. Rules have not yet been proposed to meet 110 (27.6%) rulemaking requirements.”