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...
22 Feb, 2023 Federal Reserve Board Denies Application of Crypto-Focused Bank “Custodia” over Money Laundering and Terrorism Financing Concerns By Nabeel Yousef Timothy Howard Stephanie Brown Cripps Andrew Bulovsky Adam Silow +2 more... Show less On January 27, 2023, the Federal Reserve Board (FRB) announced its denial of Custodia Bank, Inc.’s (Custodia) application—a...
16 Dec, 2022 Freshfields Team Authors Anti-Corruption Practice Guide By Eric Bruce Justin Simeone The Biden Administration has made clear that efforts to counter corruption are a core pillar of the country’s national security strategy....
08 Dec, 2022 Freshfields partner and co-head of US Corporate and M&A Ethan Klingsberg talks M&A and capital markets in 2023 with Bloomberg TV By Ethan Klingsberg Partner and co-head of US Corporate and M&A Ethan Klingsberg recently appeared on Bloomberg TV during "Bloomberg Markets: Americas" to...
14 Jun, 2022 DOJ Pursues Criminal Prosecutions Related to Use of Cryptocurrency to Evade Sanctions By Olivia Radin Timothy Howard Kimberly Zelnick Stephanie Brown Cripps Jane Peng Andrew Bulovsky +3 more... Show less On May 13, 2022, Magistrate Judge Zia Faruqui released a redacted Memorandum Opinion disclosing that the US Department of Justice (DOJ)...