2009 Archives - MB Schoen & Associates

January 2009

REGULATORY DEVELOPMENTS
- Second Tranche of TARP Funds Will be Released to Treasury
- TARP 2.0
LEGISLATIVE DEVELOPMENTS
- H.R. 251 – Life Insurance Employee Notification Act
OTHER DEVELOPMENTS
- Houston Lawyers – Possible BOLI Class Action Lawsuits
- NAIC Conduct Public Hearing Regarding ACLI Capital Plans
- Government Accountability Office Tax Shelter Report

REGULATORY DEVELOPMENTS
- New Treasury Executive Compensation Guidelines
- Financial Stability Plan
- Forward Looking Economic Assessments
ACCOUNTING DEVELOPMENTS
- FSP FAS 107-b and APB28-a
- New SEC Report on Fair Value Accounting Possible (H.R. 607)
- FASB Initiates Fair Value Projects
- International Accounting Standards Committee Creates New Board
- SEC Final Rule on Interactive Data to Improve Financial Reporting
LEGISLATIVE DEVELOPMENTS
- H.R. 1 – The American Recovery and Reinvestment Act (ARRA)
- S. 344 – Hedge Fund Transparency Act of 2009
- Proposed National Insurance Consumer Protection and Regulatory Modernization Act
JUDICIAL DEVELOPMENTS
- Johnson v. Amegy Bank NA (Texas)
- Havenstrite v. Hartford Life Insurance Company
OTHER DEVELOPMENTS
- Fifth Third Bancorp Update
- Royal Bank of Canada Update
- State Insurance Departments Provide Capital and Surplus Relief
- SEC Issues Final NRSROs Rules

REGULATORY DEVELOPMENTS
- Term Asset-Backed Securities Loan Facility (TALF)
- Treasury Proposes Legislation for Resolution Authority
- Federal Reserve Delays Effective Date for Certain Capital Limits
ACCOUNTING DEVELOPMENTS
- Mark-to-Market Accounting Hearing
- FASB Issues Two Proposed Staff Position Papers on Fair Value Accounting
LEGISLATIVE DEVELOPMENTS
- H.R. 1754 and S. 664 – The Financial System Stabilization and Reform Act of 2009
- H.R. 1349 – Federal Oversight Accounting Board of Act of 2009
- H.R. 1106 – Helping Families Save Their Homes Act of 2009
- H.R. 1728 – Mortgage Reform and Anti-Predatory Lending Act of 2009
OTHER DEVELOPMENTS
- NAIC Testifies to Strength of Insurance Regulation
- NRSRO Rules and Reforms

REGULATORY DEVELOPMENTS
- TARP Funds May Become Available to Insurers
ACCOUNTING DEVELOPMENTS
- FASB Final Staff Positions on Fair Value Accounting
LEGISLATIVE DEVELOPMENTS
- H.R. 1880 – National Insurance Consumer Protection Act (NICPA)
OTHER DEVELOPMENTS
- Regulation D Exemption Process Audit
- Fifth Third BOLI News
AD HOC LRA – APRIL 13, 2009
- FASB Final Staff Positions on Fair Value Accounting
AD HOC LRA – APRIL 23, 2009
- Fifth Third BOLI News

LEGISLATIVE DEVELOPMENTS
- The Obama Administration’s 264(f) Proposal
- H.R. 2609 – The Insurance Information Act of 2009
- S. 896/H.R. 1106 – Helping Families Save Their Homes Act of 2009
REGULATORY DEVELOPMENTS
- TALF Expansion to CMBS
- TARP to Insurers
- Systemic Risk: How Should Insurance Be Regulated?
TAX DEVELOPMENTS
- New IRS Guidance on BOLI/COLI
- Revenue Rulings on Life Settlement Transactions
ACCOUNTING DEVELOPMENTS
- Congress Asked to Revisit Mark-to-Market
JUDICIAL DEVELOPMENTS
- Johnson v. Amegy Bank, N.A.
- Barofsky v. Citibank, N.A.
- Wal-Mart COLI Lawsuits Updates
OTHER DEVELOPMENTS
- BOLI/COLI in the News
- BOLI Surrender and Disclosures
AD HOC LRA – MAY 12, 2009
- The Obama Administration’s 264(f) Proposal

REGULATORY DEVELOPMENTS
- The Obama Administration’s Regulatory Reform Proposal
- Systemic Risk and Insurance
- Consumer Protection and Insurance
LEGISLATIVE DEVELOPMENTS
- S. 1073 – Rating Accountability and Transparency Act
- H.R. 2733 – Indexed Annuities and Insurance Products Classification Act
JUDICIAL DEVELOPMENTS
- Barofsky v. Citibank, N.A.
OTHER DEVELOPMENTS
- Proposed Interagency Guidance on Funding and Liquidity Risk
- FASB Statements on Securitizations and Special Purpose Entities
- Joint Forum Credit Ratings Paper

REGULATORY DEVELOPMENTS
- SEC Money Market Fund Reform
- Financial Crisis Inquiry Commission
- Consumer Financial Protection Agency Act of 2009
TAX DEVELOPMENTS
- Restricted Access Funds Investing in Public Mutual Funds – PLR 200915006
JUDICIAL DEVELOPMENTS
- BB&T v. Mass Mutual, Clark Consulting
- CalPERS v. Moody’s, Fitch and Standard & Poor’s
OTHER DEVELOPMENTS
- FASB May Expand Mark-to-Market
- GAO Financial Markets Regulation Report

REGULATORY DEVELOPMENTS
- Administration’s Regulatory Reform Agenda
- Money Market Fund Reform
JUDICIAL DEVELOPMENTS
- The 2004 Stuart Moldaw Trust v. XE L.I.F.E., LLC
OTHER DEVELOPMENTS
- Basel Committee Released New Principles on Fair Value
- Latest CBO Budget Document Includes Taxation of Inside Buildup
- Proposed Regulatory Capital Standards

REGULATORY DEVELOPMENTS
- Financial Regulatory Reform Legislation
- Treasury’s Policy Statement on Capital and Liquidity Standards
- Financial Crisis Inquiry Commission
- SEC Announces New Division
JUDICIAL DEVELOPMENTS
- Abu Dhabi Commercial Bank et. al. v. Morgan Stanley, Moody’s and S&P
- Havenstrite v. Hartford (Update)
ACCOUNTING DEVELOPMENTS
- FASB Exposure Draft on Fair Value Measurements and Disclosures
OTHER DEVELOPMENTS
- California Probes Credit Rating Agencies
- NAIC Public Hearing on the Role of Rating Agencies in Insurance Regulation
- SEC Unanimous Vote for More Oversight of Rating Agencies
- New Michael Moore Film References COLI

REGULATORY DEVELOPMENTS
- Financial Regulatory Reform
LEGISLATIVE DEVELOPMENTS
- H.R. 3669 – Employer Owned Insurance Limitation Act
- NY SB 6236 – COLI/BOLI Franchise Tax
ACCOUNTING DEVELOPMENTS
- IASB to Issue Fair Value Accounting Rules before FASB
OTHER DEVELOPMENTS
- Employee Benefit Provisions Remain Unchanged for 2010
AD HOC LRA – OCTOBER 2, 2009
- H.R. 3669 – Employer Owned Insurance Limitation Act
AD HOC LRA – OCTOBER 16, 2009
- Joint News Release – COLI: Helping U.S. Workers with Jobs & Benefits

TAX DEVELOPMENTS
- 2009-2010 Priority Guidance Plan
- IRS PLR 200945032
ACCOUNTING DEVELOPMENTS
- IASB Proposes Change to Loan Losses Rule
JUDICIAL DEVELOPMENTS
- Atkinson v. Wal-Mart Stores
REGULATORY DEVELOPMENTS
- Sen. Dodd Regulatory Reform Bill
- The Federal Insurance Office Act – H.R. 2609
- The Financial Stability Improvement Act – H.R. 3996
- The Private Fund Investment Advisors Registration Act – H.R. 3818
OTHER DEVELOPMENTS
- New Reporting Requirements for NY Life Insurers
- State Insurance Regulators to Develop New Rating Model for RMBS

JUDICIAL DEVELOPMENTS
- Havenstrite v. Hartford (Update)
REGULATORY DEVELOPMENTS
- The Wall Street Reform and Consumer Protection Act H.R. 4173
OTHER DEVELOPMENTS
- New Basel Committee Capital and Liquidity Proposals
- Tax Change to Boost Regulatory Capital for Insurers
- New SEC Disclosures about Risk, Compensation and Corporate Governance
- NY’s Proposed Producer Compensation Transparency Regulation