Sarbanes-Oxley and FDIC laws overlap
WASHINGTON, DC
-- A final rule issued by the US Federal Reserve, designed to tailor Sarbanes-Oxley for banks, seems to clash with existing Federal Deposit Insurance Corporation (FDIC) rules. The new rule gives the Fed authority to enforce the enhanced disclosure and corporate governance requirements applied by the Sarbanes-Oxley Act to banks that hold a class of securities registered under the Securities and Exchange Act of 1934. However, the rules seem to conflict with the Federal DepositOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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