Which Mystery Bank Received the Most SEC Waivers?

Securities and Exchange Commissioner Kara Stein made a big splash this week when she released a public statement explaining why she opposed giving Royal Bank of Scotland Group Plc a waiver that would allow it to continue doing business as usual at the SEC.

The SEC, by a 3-2 vote, granted the waiver allowing RBS to keep its "well-known seasoned issuer" status, despite the recent criminal conviction of its Japanese subsidiary for manipulating the London interbank offered rate, along with a deferred-prosecution agreement for the parent company. I wrote about her dissent after the news broke. One section in her statement has been gnawing at me: She referred to a different, unnamed financial institution that had received many, many waivers.