I. Consumer Protection a. Consumer Financial Protection Bureau i. Independent Bureau ii. Implements, examines, enforces compliance iii. Broad rule making, supervisory authority over banks with 10.0 billion, BOH included iv. Ability to regulate any company that comes out with a product that threatens the economy? b. Electronic Funds Transfer Act (EFTA) v. Limits to charging overdraft fees vi. Decline in service fees the bank relies on vii. Durbin Amendment 1. Limits debit card interchange fees II. Systematic Risk Management c. Financial Stability oversight council (FSOC) viii. 15 members ix. Goals 2. Identifying risks to U.S. financial stability 3. Promote Market Discipline 4. Respond to emerging threats to U.S. financial markets x. Impacts on Bank of Hawaii 5. Changes in auditing procedures+ requirements

III. Capital Requirements- Capital Ratios

d. Broadened definition of the affiliate and covered transaction xi. Covered transactions limited to 10% of Bank’s capital/surplus e. Tier 1 common equity ratio increased from 2% to 4.5% f. Tier 1 capital ratio 5 to 9.5% g. Strengthened collateral requirements h. Strengthened capital requirements

IV. Executive Compensation i. Extension of Credit expanded xii. Includes credit exposure arising from derivative transaction xiii.