While scaled back from the original proposal, the final rules expand the scope of firms required to register as dealers as a result of engaging in trading activity that has “the effect?...
The OCC’s proposed changes to its approach to Bank Merger Act applications are a missed opportunity to provide certainty around bank mergers in an uncertain market.
Davis Polk partners David Portilla and Gabe Rosenberg authored “Financial regulators contend with M&A and evolving fintech sector” in Bloomberg. In the article, they assess the financ...
The Financial Stability Oversight Council released its 2023 Annual Report, highlighting its 2023 activities, significant financial market and regulatory developments and potential emergin...
The Federal Deposit Insurance Corporation (FDIC) finalized the special assessment to recoup losses to the Deposit Insurance Fund (DIF) from protecting uninsured depositors following the c...
The Consumer Financial Protection Bureau (CFPB) proposed its long-awaited rule to implement Dodd-Frank Section 1033’s requirements regarding consumer rights to access financial informat...
The Financial Stability Oversight Council (FSOC) revised its interpretive guidance and analytic framework for FSOC’s authority to designate nonbank financial companies for Federal Reser...
The Federal Reserve OIG issued a report on SVB’s failure. Media reports have described it as nearly identical to the Barr Report. The report is more critical of the supervisory staff. I...
The FDIC proposed enforceable guidelines on corporate governance and risk management that would apply to all state non-member banks with assets greater than $10 billion. The proposal wou...
The federal banking agencies’ 1,087-page Basel III endgame proposal, released on July 27 after split votes at both the Federal Reserve and the FDIC, has roiled the banking sector. The p...
