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Daily Archives: January 4, 2014

Dodd-Frank Progress Report – January 2014

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Dodd-Frank Progress Report Generated using the Davis Polk Regulatory Tracker™ January 2014

“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.”

Irreplaceable Canadian historic documents destroyed before promised digitized copies made

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Via Boing Boing, Cory Doctorow – Canadian libricide: Tories torch and dump centuries of priceless, irreplaceable environmental archives “Back in 2012, when Canada’s Harper government announced that it would close down national archive sites around the country, they promised that anything that was discarded or sold would be digitized first. But only an insignificant fraction of the archives got… Continue Reading

Federal Appeals Court Rules that Legal Policy Memos Can Be Withheld From the Publi

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“The Court of Appeals for the D.C. Circuit has ruled that the FBI may withhold a memo prepared by the Office of Legal Counsel concerning the law governing “exigent letter” requests to telephone companies for call records. The decision affirmed an earlier opinion that the memo was privileged advice, and exempt from disclosure under the Freedom information Act. The… Continue Reading

LA Times – Meager Sierra snowpack is way below average

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By Bettina Boxall: “The signs aren’t good when the chief of California’s snow survey has to walk over bare ground to take a snowpack measurement in the Sierra Nevada, as Frank Gehrke did Friday near Echo Summit. Manual and electronic readings up and down the range placed the statewide snowpack at 20% of normal for this… Continue Reading

Speech by Chairman Bernanke on the Federal Reserve: looking back, looking forward

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Chairman Ben S. Bernanke At the Annual Meeting of the American Economic Association, Philadelphia, Pennsylvania, January 3, 2014 – The Federal Reserve: Looking Back, Looking Forward “In less than a month my term as Fed Chairman will end. Needless to say, my tenure has been eventful–for the Federal Reserve, for the country, and for me personally. I thought… Continue Reading