2014 Archives - MB Schoen & Associates

January 2014

LEGISLATIVE DEVELOPMENTS
- NY COLI Franchise Tax Bills
REGULATORY DEVELOPMENTS
- Basel III Leverage Ratio Update
- OCC Proposes Guidelines for Large Bank Risk Governance Framework
- FFIEC Approves Changes to Call Reports
JUDICIAL DEVELOPMENTS
- Simmons v. Bristol-Myers
OTHER DEVELOPMENTS
- COLI in the News – Orange County Newspaper’s Proposed COLI Plan
- Bipartisan Budget Act of 2013 – Update regarding SSA DMF Restriction

LEGISLATIVE DEVELOPMENTS
- Tax Reform Act of 2014
- Kentucky Premium Tax Proposal
- Kentucky COLI Insurable Interest Proposal
JUDICIAL DEVELOPMENTS
- BB&T v. MassMutual Update
TAX DEVELOPMENTS
- IRS Guidance for VEBAs
OTHER DEVELOPMENTS
- SSA DMF Access – Certification Process Update
- FASB and IASB Insurance Contracts Project

LEGISLATIVE DEVELOPMENTS
- Obama Budget Proposal and Treasury Greenbook
- Dave Camp Press Release
- Collins Introduces Bill on Insurance Capital Standards
REGULATORY DEVELOPMENTS
- Basel III Conforming Amendments
- Agencies Issue Final Dodd-Frank Act Stress Test Guidance for Medium-Sized Firms
OTHER DEVELOPMENTS
- SSA DMF Access – Certification Process Update
- NAIC Separate Account Risk Working Group – Update

REGULATORY DEVELOPMENTS
- Enhanced Supplementary Leverage Ratio Final Rules
- Supplementary Leverage Ratio Denominator NPR
- Basel Committee Final Standards for Counterparty Credit Risk Exposures and Exposures to Central Counterparties
OTHER DEVELOPMENTS
- JCT Revenue Estimates of Obama Budget Proposal

REGULATORY DEVELOPMENTS
- Proposed Revisions to the Risk-Based Capital Definition of Eligible Guarantee for Advanced Approaches Banks
TAX DEVELOPMENTS
- IRS Revenue Ruling 2014-15
OTHER DEVELOPMENTS
- NAIC Separate Account Risk Working Group – Update

REGULATORY DEVELOPMENTS
- Proposed Regulatory Capital Reporting Changes
- Proposed Changes to Annual Stress Test Cycles
OTHER DEVELOPMENTS
- COLI in the News – New York Times Article

JUDICIAL DEVELOPMENTS
- First National Bank of Pennsylvania v. Transamerica and Clark Consulting – BOLI Surrender Litigation
REGULATORY DEVELOPMENTS
- Revisions to the Risk-Based Capital Definition of Eligible Guarantee for Advanced Approaches Banks Finalized
OTHER DEVELOPMENTS
- NAIC Efforts Regarding Separate Accounts – Update
- SEC Adopts Money Market Fund Reform Rules
- IRS Revenue Ruling 2014-15 – Additional Publication

REGULATORY DEVELOPMENTS
- Proposed Regulatory Capital Reporting Changes
JUDICIAL DEVELOPMENTS
- First National Bank of Pennsylvania v. Transamerica and Clark Consulting – BOLI Surrender Litigation
- Florida Appeals Court Reversal of DMF-Related Ruling

LEGISLATIVE DEVELOPMENTS
- Insurance Capital Standards Legislation
REGULATORY DEVELOPMENTS
- Agencies Adopt Supplementary Leverage Ratio Final Rule
- OCC Finalizes Heightened Standards for Large Financial Institutions
- Agencies Finalize Liquidity Coverage Ratio Rule
JUDICIAL DEVELOPMENTS
- FNB v. Transamerica and Clark Consulting – Update
TAX DEVELOPMENTS
- IRS Audits of Deferred Compensation Plans for Compliance with 409A
OTHER DEVELOPMENTS
- Senate Banking Hearing – Wall Street Reform
- Basel Committee Developments
- DMF Certification Process Update

TAX DEVELOPMENTS
- IRS Private Letter Ruling Regarding Assumption Reinsurance
REGULATORY DEVELOPMENTS
- FRB CCAR Stress Testing
- DFA Stress Test Scenarios
- Wholesale Risk Weighting Parameters
- U.S. Regulators Finalize Credit Risk Retention Rules
OTHER DEVELOPMENTS
- Basel Committee Finalizes Net Stable Funding Ration (NSFR)

REGULATORY DEVELOPMENTS
- Agencies Propose Technical Corrections and Clarifications to the Advanced Approaches Capital Rules
JUDICIAL DEVELOPMENTS
- BB&T v. MassMutual – Update
TAX DEVELOPMENTS
- Additional Guidance under the Codified Economic Substance Doctrine and Related Penalties
OTHER DEVELOPMENTS
- Unclaimed Life Insurance Benefits – DMF Update

LEGISLATIVE DEVELOPMENTS
- Insurance Capital Standards Clarification Act
REGULATORY DEVELOPMENTS
- FRB Extends Volcker Rule Conformance Period
- FDIC Issues Guidance for the Resolution Plans of Large Banks
TAX DEVELOPMENTS
- JCT Description of Certain Revenue Provisions Contained in President’s Fiscal Year 2015 Budget Proposal
OTHER DEVELOPMENTS
- FDIC Interest Rate Risk Management Insights
- FSOC Designates MetLife as a SIFI
- Basel Revisions to the Securitization Framework
- Basel Proposed Revisions to Standardized Approach for Credit Risk
- DMF Certification Process