Alert March 28, 2006

Financial Services Alert - March 28, 2006

  • FASB Issues Statement on Accounting for Servicing of Financial Assets
  • OCC Permits National Banks to Hold Sub-Investment Grade Debt to Hedge Derivative Risks
  • SEC Approves Amendment to NASD Interpretive Material 3013 Regarding Timing of Report Related to   Annual CEO Compliance Certification
  • FRB Issues Final Rule Concerning Shift of Liability for Unauthorized “Remotely Created Checks” from Paying Bank to Depositary Bank
  • OCC Publishes Response to National Association of Realtors’ Letter Challenging Real Estate and Investment Powers of National Banks
  • FinCEN and Federal Banking Agencies Propose Revisions to SAR for Depository Institutions
  • SEC Commissioner Atkins Provides Views on Regulatory Matters at Industry Conference
  • FinCEN Postpones Compliance Deadline for New Correspondent Account Rule