FSR and ABA Comment on the FR Y-14 Reporting Process

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As regulatory reporting requirements become more complex, the Associations believe that adherence to some basic guiding principles would benefit both reporting companies and the Board. The Associations believe that both the Board and reporting companies would benefit if the Board developed and then adopted a set of guiding principles to govern regulatory reporting requirements going forward. Such principles would provide a framework for the reporting process that minimizes confusion and facilitates the submission of reliable, quality data.

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FSR Comments on SEC Rule 206(3)-3T
Regulatory Comment Letters posted on September 19, 2014 at 3:08pm

FSR expressed its support for extending the expiration date for the temporary rule and suggested a permanent extension.

FSR and ABA Comment on the FR Y-14 Reporting Process
Regulatory Comment Letters posted on September 19, 2014 at 3:07pm

FSR and ABA propose guiding principles and Improvements to the Federal Reserve’s FR Y-14 Data Reporting Process.

House Vote on Ex-Im Bank a Positive Step Forward
Press Releases posted on September 18, 2014 at 10:44am

FSR sent 2 letters to Capitol Hill today, urging House leadership and members of Congress to vote for Barr-Miller bill headed to the House floor today that would codify flexibility for the Federal Reserve in regulating capital standards for insurance companies and other critical technical corrections to the Dodd Frank Act which have broad, bipartisan support.

FSOC’s Behavior is Risky Business
The Exchange posted on September 17, 2014 at 6:13pm

The Government Accountability Office issued a report today noting that the Financial Stability Oversight Council – the government body that decides if financial services companies pose risk to the economy – operates in the shadows and needs to be more transparent.

What’s one simple answer for Americans saving for retirement? SAVE 10
The Exchange posted on September 16, 2014 at 5:39pm

Today’s Senate Finance hearing provided interesting statistics on two important facts: 1) Americans that are saving for retirement aren’t saving nearly enough and 2) Knowing how much to save can be confusing, so some just don’t get started.

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