In recent years, complexities related to retirement plan servicing have arisen with the increasing use of participant-directed plans. In this edition of @Regulatory, the feature investment management article—“Retirement Plan Fee Disclosure: Change is Here–More Changes Are on the Horizon”—looks at the Department of Labor’s three-pronged initiative to impose new fee disclosure requirements relative to plan sponsors, plan providers and plan participants. This month’s securities article, “How Comfortable is Your Firm with its Records Management Program?” offers a broad list of components that can assist in running a records management program efficiently and effectively. The first banking feature, “Highlighting the Risks within Third-Party Relationships,” looks at the Federal Deposit Insurance Corporation’s latest Financial Institution Letter, FIL-44-2008, which highlights the potential risks arising from third-party relationship and guidance on managing those risks. With the slowdown in the real estate market, increased importance is being placed on evaluating the status and continuance of interest payments made from loan funds. The second banking feature, “Interest Reserves Receiving Great Scrutiny,” takes a closer look at this issue. We also have highlighted in our News Bulletins selected policy and supervisory guidance issues that are posing challenges across the banking, securities and insurance sectors. Banking - Notice of Proposed Rule Making Amendment for Credit Card
- Disclosures in the Truth in Lending Act
- Institute of International Finance Committee Issues Final Report on Principles of Conduct and Leading Practices Recommendations
- Financial Crimes Enforcement Network’s Tenth Edition Suspicious Activity Report Review
- Federal Reserve Announces New Rules Amending Home Mortgage Provisions of Regulation Z (Truth in Lending)
- Treasury Secretary Urges New Powers for Federal Reserve Board
Insurance - Securities and Exchange Commission Proposed Rule Requiring Certain Indexed Annuities to Fall Under Securities Regulators’ Oversight
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