2008 Archives - MB Schoen & Associates

January 2008

TAX DEVELOPMENTS
- IRS Notice 2007-100
LEGISLATIVE DEVELOPMENTS
- House of Representatives Report on Conflicts of Interest Among Compensation Consultants
- Economic Substance Doctrine
REGULATORY DEVELOPMENTS
- Risk Based Capital Standards: Advanced Adequacy Framework – Basel II
- EEOC Moves to Protect Retiree Health Benefits
AD HOC LRA – JANUARY 15, 2008-01-15
- IRS Form 8925 for Reporting Employer-Owned Life Insurance

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

TAX DEVELOPMENTS
- IRS Revenue Procedure – Tax Treatment of Certain Tax-Free Exchanges of Annuity Contracts
- IRS Private Letter Ruling – 1035 Exchanges of COLI/BOLI
- IRS Revenue Ruling – Performance Based Compensation
REGULATORY DEVELOPMENTS
- Safeguarding Personal Information
JUDICIAL DEVELOPMENTS
- Israeli Discount Bank vs MetLife and Blackrock
LEGISLATIVE DEVELOPMENTS
- HB 3361 – Pension Protection Technical Corrections Act of 2007

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

LEGISLATIVE DEVELOPMENTS
- Corporate Executive Compensation Accountability and Transparency Act
- Economic Substance Doctrine
- Florida Insurable Interest
JUDICIAL DEVELOPMENTS
- Fifth Third Bank v. Transamerica Life Insurance Company and Clark Consulting, Inc.
REGULATORY DEVELOPMENTS
- Washington Insurable Interest
- BASEL II
- Treasury’s Blueprint for a Modernized Financial Regulatory Structure
ACCOUNTING DEVELOPMENTS
- FASB Statement No. 162
AD HOC LRA – MAY 15, 2008
- BOLI Related Earnings Announcements
AD HOC LRA – MAY 20, 2008
- BOLI Related Earnings Announcements

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

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

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

REGULATORY DEVELOPMENTS
- Troubled Asset Relief Program
- Basel II Standardized Approach
- Basel II (Pillar 2)
- Basel II Updates
LEGISLATIVE DEVELOPMENTS
- California AB 31
TAX DEVELOPMENTS
- Treasury/IRS Release Business Plan
JUDICIAL DEVELOPMENTS
- Israel Discount Bank (IDB) v. MetLife and BlackRock
- Fifth Third Bank v. Transamerica Life Insurance Company and Clark Consulting, Inc.
ACCOUNTING DEVELOPMENTS
- FAS 157
- Stable Value
OTHER DEVELOPMENTS
- Federal Insurance Regulation – HR 5840
- 409A Compliance
AD HOC LRA – SEPTEMBER 12, 2008
- California AB 31

ACCOUNTING DEVELOPMENTS
- FASB Statement no. 157
REGULATORY DEVELOPMENTS
- Fannie Mae / Freddie Mac Proposed Rule – Lower Risk Weights
LEGISLATIVE DEVELOPMENTS
- H.R. 7242 – Proposed Updates to IRC Section 101(j)
- H.R. 6049 – Energy Improvement and Extension Act of 2008
- H.R. 7266 – Derivatives Market Reform Act
- S.B. 2450 – Federal Rule of Evidence 502
OTHER DEVELOPMENTS
- State Regulators to Examine Insurer’s Securities Lending
AD HOC LRA – OCTOBER 7, 2008
- ILM 200840043 – Investor Control Doctrine Interpretation

ACCOUNTING DEVELOPMENTS
- SEC Proposes IFRS Roadmap
- IASB Issues Report Clarifying Accounting for Assets When Markets are Inactive
REGULATORY DEVELOPMENTS
- Insurers Eligible for Assistance under TARP
- TARP – Executive Compensation Rules
- TARP – Pension Plans
OTHER DEVELOPMENTS
- Insurer Capital Requirements
- Barclays Capital Re-Branding Unified Family of Indices
- Reminder – PPA May Restrict Funding of Rabbi Trusts
AD HOC LRA – NOVEMBER 7, 2008
- IRS Publishes Final Rules for Reporting Under Section 6039I

ACCOUNTING DEVELOPMENTS
- FASB Codification Official Launch July 2009
- Final Rule on Deduction of Goodwill
- Fair Value Accounting
LEGISLATIVE DEVELOPMENTS
- H.R. 7327 – The Worker, Retiree and Employer Recovery Act of 2008
- H.R. 7300 and S. 3692 – Limiting Effect of IRS Notice 2008-83
OTHER DEVELOPMENTS
- Credit Default Swap Regulation Update
- Life Insurer Capital Levels