2015 Archives - MB Schoen & Associates

January 2015

LEGISLATIVE DEVELOPMENTS
- Promoting Job Creation and Reducing Small Business Burdens Act
- NY COLI Franchise Tax Bills
JUDICIAL DEVELOPMENTS
- FNB v. Transamerica and Clark Consulting – Update
TAX DEVELOPMENTS
- Tax Reform Working Groups
OTHER DEVELOPMENTS
- Supreme Court Retiree Health Benefits Ruling
- NAIC Efforts Regarding Separate Accounts – Update

LEGISLATIVE DEVELOPMENTS
- Obama’s 2016 Fiscal Year Budget Proposal
REGULATORY DEVELOPMENTS
- Revised Call Report Schedule for Standardized RWA – Update
JUDICIAL DEVELOPMENTS
- FNB v. Transamerica and Clark Consulting – Update
AD HOC LRA – FEBRUARY 3, 2015
- Revised Call Report Schedule for Standardized Approach RWA

LEGISLATIVE DEVELOPMENTS
- Tax Reform Update
OTHER DEVELOPMENTS
- DMF Certification Process – Update
- NAIC Adopts Guidance on Acquisition of Control of U.S. Insurers
- Senate Banking Committee Hearings on Insurance Industry and Regulation
AD HOC LRA – APRIL 6, 2015
- Regulatory Capital Rules: Frequently Asked Questions

REGULATORY DEVELOPMENTS
- Banking Regulators Release Supervisory Guidance for Implementation of SSFA for Securitization Exposures under the Advanced Approaches
JUDICIAL DEVELOPMENTS
- COI Litigation – Fleisher v. Phoenix Life Insurance Co.
- BB&T v. MassMutual – Update
- FNB v. Transamerica and Clark Consulting – Update
LEGISLATIVE DEVELOPMENTS
- Financial Regulatory Improvement Act of 2015
- Finance Committee Update on Bipartisan Tax Working Groups

REGULATORY DEVELOPMENTS
- Review of Standardized BOLI RWA Reporting for Q1-2015
- Banking Regulators Finalize Revisions to Advanced Approaches Capital Rules
OTHER DEVELOPMENTS
- IRS Updates Audit Guide for Non-Qualified Deferred Compensation Plans
- IRS Prevails in Tax Court re Investor Control Violation under High-Net-Worth Private Placement Variable Life Insurance

REGULATORY DEVELOPMENTS
- Capital Planning and Stress Testing Rule Proposal
TAX DEVELOPMENTS
- Senate Finance Committee Releases Bipartisan Tax Working Group Reports
- IRS Chief Counsel Advice re. 409(A) Correction in Vesting Year
- Tax Court Rules that Welfare Benefit Plans Constituted Compensatory Split Dollar Arrangements

We did not identify any subjects warranting coverage in our monthly LRA Update.

REGULATORY DEVELOPMENTS
- Operational Requirements for Securitizations under Basel III
JUDICIAL DEVELOPMENTS
- BB&T v MassMutual – Update
TAX DEVELOPMENTS
- JCT Description of Certain Revenue Provisions Contained in President’s Fiscal Year 2016 Budget Proposal
OTHER DEVELOPMENTS
- Financial Services Committee Hearing on Domestic Insurance Regulatory Standards
- Rhode Island Supreme Court Decides that a Variable Annuity with a Guaranteed Death Benefit Does Not Require and Insurable Interest

REGULATORY DEVELOPMENTS
- Basel Committee Coordination Bulletin – Wholesale and Retail Credit Risk Work Programs
- OCC Rescinds Outdated Regulatory Capital Bulletins
- Basel Committee Chairman’s Remarks Regarding Counterparty Credit RWA
JUDICIAL DEVELOPMENTS
- Nixon v. United States – Update
- Taylor v. NCR Corp – NQDC Plan Lump Sum Termination
OTHER DEVELOPMENTS
- Cybersecurity Developments
- Senator Warren’s Report on Conflicts of Interest in the Annuity Industry
- FINRA Proposes Rule Change to Establish Margin Requirements for TBAs and Other Agency Transactions

REGULATORY DEVELOPMENTS
- Federal Reserve Approves Rule to Modify Capital Plan and Stress Testing Rules
JUDICIAL DEVELOPMENTS
- Ongoing Litigation Update – JPMorgan’s Notice of Supplemental Authority in Further Support of Its Motion to Dismiss
OTHER DEVELOPMENTS
- NYDFS Considers Cybersecurity Regulations for Financial Institutions

REGULATORY DEVELOPMENTS
- IRS Private Letter Rulings that Business Trust Portfolio Composed of Underlying Funds Satisfies Investor Control Rules
JUDICIAL DEVELOPMENTS
- FNB PA vs. Transamerica and Clark Consulting – Update
OTHER DEVELOPMENTS
- NAIC Fall National Meeting