2010 Archives - MB Schoen & Associates

January 2010

LEGISLATIVE DEVELOPMENTS
- IA HB 620
REGULATORY DEVELOPMENTS
- Joint Agencies Issue Final Rule for Capital Standards
- Bank Regulators Issue Advisory on Interest Rate Risk
- Obama Administration Announces New Proposals Focused on Banks
- SEC Approves Money Market Funds Reform
JUDICIAL DEVELOPMENTS
- Johnson v. Amegy Bank
TAX DEVELOPMENTS
- IRS Notice 2010-06 – Document Correction Guidance under Section 409A

JUDICIAL DEVELOPMENTS
- BBT&T v. Mass Mutual, Clark Consulting (Update)
- Fifth Third v. Transamerica, Clark Consulting (Update)
- Employer Stock Drop Litigation
LEGISLATIVE DEVELOPMENTS
- Bipartisan Tax Fairness and Simplification Act of 2010
- President Obama FYE 2011 Budget Proposal
OTHER DEVELOPMENTS
- NY Final Insurance Producer Disclosure Regulation
AD HOC LRA – FEBRUARY 2, 2010
- President Obama FYE 2011 Budget Proposal

LEGISLATIVE DEVELOPMENTS
- NY A1025 – Insurer Alternatives to NRSROs
- S. 3098 – PROP Trading Act
JUDICIAL DEVELOPMENTS
- Havenstrite v. Hartford
- Connecticut v. Moody’s and S&P
- Cowboy Athletics, Inc., et al v. Lincoln National Insurance Co.
REGULATORY DEVELOPMENTS
- Senate Version of Regulatory Financial Reform Bill Moves Forward
OTHER DEVELOPMENTS
- Members of Congress Express Opposition to Insurance-Related Proposals
- NAIC Rating Agency Working Group Issues Final Report
- Subcommittee Hearing on Insurance Holding Company Supervision
- Regulators Scout SMI “Road Map”

JUDICIAL DEVELOPMENTS
- Fifth Third v. Transamerica, Clark Consulting (Update)
REGULATORY DEVELOPMENTS
- Update on Financial Services Reform Bill
TAX DEVELOPMENTS
- Treasury Report on Charity-Owned Life Insurance
OTHER DEVELOPMENTS
- Trade Associations to Initiate Legal Action over Commission Disclosures

REGULATORY DEVELOPMENTS
- Senate Reform Bill Passed; Next Step Conference Committee
ACCOUNTING DEVELOPMENTS
- FASB Proposal on Accounting for Financial Instruments
OTHER DEVELOPMENTS
- New COLI Report
AD HOC LRA – MAY 6, 2010
- COLI CRS Report

JUDICIAL DEVELOPMENTS
- Havenstrite v. Hartford
REGULATORY DEVELOPMENTS
- Dodd-Frank Wall Street Reform and Consumer Protection Act
- Final Guidance on Sound Incentive Compensation Policies
OTHER DEVELOPMENTS
- FASB Proposed Update for Common U.S. and International Fair Value Accounting Standards
- NAIC to Consider Impact of Principles-Based Reserving on Insurers

REGULATORY DEVELOPMENTS
- Dodd-Frank Wall Street Reform and Consumer Protection Act
- Basel Committee Reaches Accord on Principles for Capital and Liquidity Rules
OTHER DEVELOPMENTS
- SEC Proposes New 12b-1 Fee Rules
- NAIC Releases RFP to Produce Designations for Commercial Mortgage-Backed Securities
- SEC and GAO Report on Life Settlement Regulations

REGULATORY DEVELOPMENTS
- Dodd-Frank Wall Street Reform and Consumer Protection Act
JUDICIAL DEVELOPMENTS
- Fifth Third v. Transamerica and Clark Consulting (Update)
OTHER DEVELOPMENTS
- FSA Calls for Tougher Bank Oversight
- NAIC Releases Updated SMI Roadmap

REGULATORY DEVELOPMENTS
- Dodd-Frank Act – Hedge Fund/Private Equity Definition
- Senate Hearing on Dodd-Frank Implementation
- Basel III: New Global Capital and Liquidity Requirements
ACCOUNTING DEVELOPMENTS
- US FASB and IASB Complete First Stage of Conceptual Framework
JUDICIAL DEVELOPMENTS
- Baker v. Dow Chemical
- Jones v. Bridgestone Americas
OTHER DEVELOPMENTS
- BOLI/COLI in the News
- NAIC to Measure Impact of Principles-Based Reserving on Insurers
- NAIC Selects Blackrock Solutions to Model CMBS

REGULATORY DEVELOPMENTS
- FSOC Requests Comment on Implementation of Volcker Rule
- Proposed FDIC Liquidation Rules and Insurers
- New Proposed Rules on Call Reports
- NY Proposed Variable Life Insurance Regulation
- President’s Working Group Report on Money Market Fund Reforms
JUDICIAL DEVELOPMENTS
- Fifth Third v. Transamerica and Clark Consulting (Final Update)

REGULATORY DEVELOPMENTS
- FSOC Requests Comment on Implementation of Volcker Rule
- FRB Requests Comment on Volcker Rule Conformance Periods
JUDICIAL DEVELOPMENTS
- Havenstrite Employer Suits
OTHER DEVELOPMENTS
- New York Compensation Rule Effective Soon
- SEC Proposed New 12b-1 Fees Rule (Update)
AD HOC LRA – NOVEMBER 11, 2010
- FSOC Volcker Study Comments

REGULATORY DEVELOPMENTS
- Joint Agency Proposal to Set Risk-Based Capital Floor
- Dodd-Frank and Executive Compensation
- SEC Requests Comment on Credit Rating Standardization Study
- Volcker Rule Date Reminder
ACCOUNTING DEVELOPMENTS
- FASB and IASB Update Regarding Fair Value Accounting
LEGISLATIVE DEVELOPMENTS
- H.R. 130 – BOLI/COLI Disclosure
- NY S262 and A9430 – 50% Franchise Tax on BOLI/COLI Benefits
- IN SB 160 – Limits Amount Payable under BOLI/COLI to Insured’s Annual Salary
- Expired Bills from the Last Congressional Session
JUDICIAL DEVELOPMENTS
- BB&T v. Pacific Life Ins. Co.
- Lawsuits Status Update
- 2010 BOLI/COLI-Related Settlements
OTHER DEVELOPMENTS
- Annual Filing Requirements – IRS Form 8925
- NY Compensation Disclosure Effective, Trade Groups Still Fighting
- New York Governor Plans to Merge Banking, Insurance Regulators
- New IRS Priority Guidance Plan Published
- Obama Proposed 2012 Budget