Securities Activities of Banks, Fourth Edition

The Fourth Edition of a leading resource in the field, this valuable practice tool brings you completely up-to-date on the evolving laws governing banks' securities activities - from regulatory changes in the financial markets and administrative reform to recent court decisions and legislative reform, including the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act and the "Volcker Rule" restrictions on investment and trading activities. Here is everything you need to help build a bank's securities business while avoiding compliance pitfalls.

Securities Activities of Banks, Fourth Edition provides:

• In-depth discussions of the securities activities now permissible for banks, bank holding companies, and financial holding companies
• Clear explanations of how securities laws affect banks' securities activities
• A complete review of how banks are regulated - including foreign banks and affiliates
• Up-to-date analysis of the evolution of the banking laws through agency and court decisions.

Detailed descriptions and analyses illuminate the full range of current bank securities activities, including investment and trading activities, brokerage activities, investment advice, underwriting, mutual funds, international securities activities, derivative instruments, deposits and loans, fiduciary activities, and more.

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Chapter 1. OVERVIEW—THE EVOLUTION OF BANK SECURITIES ACTIVITIES

• 1.01 Introduction
• 1.02 The Glass-Steagall Act
• 1.03 Changes in the Business Of Banking
• 1.04 Regulatory Relief Efforts
• 1.05 Court Victories
• 1.06 The Struggle for Reform Legislation
• 1.07 The Gramm-Leach-Bliley Act
• 1.08 The Dodd-Frank Act
• 1.09 Consolidation of the Banking and Securities Industries
• 1.10 Revisiting the Dodd-Frank Act

Chapter 2. THE BANK REGULATORY FRAMEWORK

•  2.01 The Banking Industry
•  2.02 Major Banking Laws

Chapter 3. SECURITIES REGULATORY FRAMEWORK

•  3.01 Introduction
•  3.02 The Securities Industry
•  3.03 The Securities Regulators
•  3.04 Selected Securities Laws
•  3.05 Enforcement and Remedies
•  3.06 Accounting Issues
•  3.07 Commodity Regulation

Chapter 4. THE GLASS-STEAGALL ACT

•  4.01 Introduction
•  4.02 Historical Perspective
•  4.03 Statutory Scheme
•  4.04 Definitions
•  4.05 Judicial Interpretations

Chapter 5. INVESTMENT ADVICE

•  5.01 Overview
•  5.02 Investment Advisory Activities
•  5.03 Regulation of Investment Advisers
•  5.04 Selected Issues
•  5.05 Investment Advisory Fees

Chapter 6. BROKERAGE ACTIVITIES

•  6.01 Overview
•  6.02 Types of Brokerage Activities
•  6.03 Types of Instruments Brokered
•  6.04 Applicable Banking Rules
•  6.05 Applicable Securities Rules
•  6.06 Broker-Dealer Compensation

Chapter 7. INVESTMENT AND TRADING ACTIVITIES

•  7.01 Introduction
•  7.02 Bank “Investment Securities”
•  7.03 Bank Holding Company “Investment Securities”
•  7.04 Financial Holding Company Investments
•  7.05 Other Investments
•  7.06 Trading of Investment Securities
•  7.07 Supervisory Issues
•  7.08 Volcker Rule 

Chapter 8. MERCHANT BANKING ACTIVITIES

•  8.01 In General
•  8.02 Legal Authority
•  8.03 Limitations on Merchant Banking Investments
•  8.04 Private Equity Funds
•  8.05 Notice and Supervisory Requirements
•  8.06 Applicability of Sections 23a and 23b
•  8.07 Cross-Marketing Restriction

Chapter 9. UNDERWRITING AND DEALING

•  9.01 Overview
•  9.02 Underwriting and Dealing By Financial Holding Companies
•  9.03 Underwriting and Dealing By Bank Holding Companies
•  9.04 Underwriting and Dealing By Banks
•  9.05 Underwriting and Dealing By Subsidiaries Of Banks
•  9.06 Other Legal Considerations

Chapter 10. PRIVATE PLACEMENT ACTIVITIES

•  10.01 Background
•  10.02 Scope of Permissible Activities
•  10.03 Regulation D
•  10.04 Sec Rules 144 and 144a
•  10.05 Broker-Dealer Registration

Chapter 11. MUTUAL FUND ACTIVITIES

•  11.01 Introduction
•  11.02 Mutual Fund Types and Products
•  11.03 Organizing a Mutual Fund
•  11.04 Investment Management
•  11.05 Distribution
•  11.06 Ancillary Services
•  11.07 Retail Sales
•  11.08 Fiduciary Investments

Chapter 12. FIDUCIARY ACTIVITIES

•  12.01 In General
•  12.02 Fiduciary Capacities
•  12.03 Regulation of Fiduciary Activities
•  12.04 Collective Investment Funds
•  12.05 Investment of Fiduciary Assets in Mutual Funds
•  12.06 Fees and Benefits to Fiduciaries

Chapter 13. SECURITIZATION OF ASSETS

•  13.01 Overview
•  13.02 Permissibility Under Banking Laws
•  13.03 Risk Retention Requirement
•  13.04 Bank Supervisory Issues
•  13.05 Securities Law Issues
•  13.06 Covered Bonds

Chapter 14. DERIVATIVES

•  14.01 Introduction
•  14.02 Regulatory Framework
•  14.03 Futures and Options
•  14.04 Foreign Exchange Activities
•  14.05 Swaps and Other Derivative Products
•  14.06 Other Commodity-Related Activities

Chapter 15. DEPOSIT AND LOAN ACTIVITIES

•  15.01 Introduction
•  15.02 Deposits and Other Obligations
•  15.03 Lending Activities
•  15.04 Functional Regulation of Deposit and Loan Activities

Table of Cases

Table of Federal Reserve Board Orders

Index