The SEC expanded the scope of the Safeguards Rule, which already required broker-dealers, investment advisers and investment companies to have reasonably designed policies and procedures ...
In an important step forward, the House is set to vote on a bill that would establish a comprehensive regulatory framework for digital assets and offer important protections for customers...
The courts rejected arguments that the Federal Reserve Banks are required to grant master accounts to all legally eligible depository institutions. We analyze the rulings and their broade...
This update analyzes comments that the FDIC received from a wide range of stakeholders on its corporate governance proposal. Not surprisingly, commenters are overwhelmingly opposed.
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?...
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 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...
On October 17, 2023, CFTC Director of Enforcement Ian McGinley signaled a more aggressive approach by the agency in new enforcement guidance addressing penalties, admissions, the impositi...
