03 Jun, 2024 Reenergized CFPB Poised to Rev Up Rulemaking and Enforcement By David Sewell Alison Hashmall Nathaniel Balk On May 16, 2024, the Supreme Court handed a major victory to the Consumer Financial Protection Bureau (“CFPB” or the “Bureau”), holding...
29 May, 2024 Federal Agencies Propose Customer Identification Program Requirements for Investment Advisers: Another Step Toward Comprehensive AML/CFT Regulation By David Sewell Timothy Clark Nariné Atamian Daniel Klingenbrunn Nathaniel Balk +2 more... Show less On May 13, 2024, the Financial Crimes Enforcement Network (FinCEN) and the US Securities and Exchange Commission (the SEC) took another...
17 May, 2024 Third Time’s the Charm? FDIC, OCC, and FHFA Re-Propose Incentive-Based Compensation Rule By Nicole Foster Lori Goodman Alison Hashmall David Sewell Jordan Salzman Nariné Atamian Daniel Klingenbrunn +4 more... Show less On May 6, 2024, the Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and Federal Housing...
22 Apr, 2024 FDIC Releases Report Describing How It Would Resolve a U.S. GSIB By Alison Hashmall Nathaniel Balk Ellen Lawrence Earlier this month, the Federal Deposit Insurance Corporation (FDIC) issued a report[1] describing how and when the agency would exercise...
27 Mar, 2024 FDIC Joins Bank Merger Fray with Proposed Policy Statement By David Sewell Alison Hashmall Justin Stewart-Teitelbaum Jenny Hochenberg Angela Landry Nathaniel Balk Tina Laritz Cates Saleeby +5 more... Show less With the recent one-year anniversary of three of the largest bank failures in U.S. history—shortly preceded by the largest bank merger...
15 Feb, 2024 SEC Issues Marketing Rule FAQ on Net IRR Presentation in Investment Adviser Advertising Materials By Timothy Clark David Sewell Nathaniel Balk On February 6, 2024, Securities and Exchange Commission (SEC) staff issued a new Frequently Asked Question (FAQ) under the SEC’s...
14 Feb, 2024 FinCEN Proposes Highly Anticipated Investment Adviser AML/CFT Rule By David Sewell Timothy Clark Stephanie Brown Cripps Nathaniel Balk Nathalie Kupfer Rosie Jiang +3 more... Show less On February 13, 2024, the U.S Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a proposed rule to extend...
05 Feb, 2024 OCC Proposes New Bank Merger Rules and Policy Statement By David Sewell Jenny Hochenberg Justin Stewart-Teitelbaum Nathaniel Balk Cates Saleeby Tina Laritz +3 more... Show less On Monday, January 29, the Office of the Comptroller of the Currency (OCC) published a proposal to update its procedural rules and issue...
18 Dec, 2023 Corporate Transparency Act Update and Reference Guide By David Sewell Timothy Clark Aryeh Kaufman Rosie Jiang +1 more... Show less New Beneficial Ownership Reporting Requirements to Take Effect January 1, 2024 Background and Overview On January 1, 2024, beneficial...
04 Dec, 2023 FSOC Issues Framework and Guidance on Process and Standards for Nonbank “Systemically Important Financial Institution” Designation By David Sewell Brian Rance Jerome Ranawake Timothy Clark Francesca Loreto Ross Weiser +3 more... Show less On November 3, 2023, the Financial Stability Oversight Council (the FSOC) published two documents that clarify how the FSOC interprets...
11 Sep, 2023 Federal Banking Agencies Release Proposals on Long-Term Debt and Resolution Planning Requirements in the Latest Response to Recent Bank Distress By David Sewell Francesca Loreto On August 29, 2023, the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (FRB) and the...
14 Mar, 2023 Protecting Assets and Guarding Against Counterparty Risk By Brian Rance Jerome Ranawake Below are a number of actions[1] that your company may wish to consider to better protect its assets in the event of insolvency of a bank...