SEC Nominations (Apr. 20)

Mike & Co. —  Hillary’s commanding victory in the New York primary last night is cause for celebration and bring the Secretary a decisive step toward  the Democratic nomination.  Tremendous effort and outcome —  congratulations all around.  Speaking of nominations, the path forward has gotten still murkier this month in Senate Banking.  Four Committee Democrats …

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Battle of Brooklyn Pt. 1: DFA and Transparency (Apr. 15)

Mike & Co. — At last night’s debate in Brooklyn, HRC took care of any lingering doubts in a few swift sentences — only one candidate will enforce, if not reinforce, Dodd-Frank… and knows what it means.   Dispelling the cloud of uncertainty around Sen. Sanders’ comments on banking policy during his NY Daily News interview, …

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CFTC Reauthorization (Apr. 12)  

Mike & Co. — The WSJ reported this afternoon that federal regulators are preparing to inform at least half of the nation’s eight systemically important banks that their living wills, the documents that dictate their bankruptcy plans, are not adequate. For these firms, such an announcement would have many effects, from requiring that they go …

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DOL Fiduciary Rule, Pt. 1 (Apr. 5)

Mike & Co. — Tonight, fingers crossed for the Secretary in the Badger State. Tomorrow, Labor Secretary Perez will release the final version of the long awaited DOL Fiduciary Rule, ending a long slog toward placing fiduciary responsibilities on myriad investment brokers.  The winners and losers of the Rule aren’t always clear, but one thing …

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Puerto Rico Debt Deal (Apr. 4)

Mike & Co. — The House, which is still on recess this week (the Senate is in) continues to march toward Speaker Ryan’s self-imposed April 29 deadline to vote on a legislative solution to deal with the Puerto Rico debt crisis.  Two relevant SCOTUS   cases to be handed down before June further complicate the picture. If a bill cannot be …

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