This deck describes our view of the road ahead for financial regulatory reform under a Biden Presidency and a Republican Senate. We see most of the action coming from the regulators, not...
A divided SEC voted last week to issue a Proposed Exemptive Order (the Proposal) that would, if adopted, permit natural person “finders” to engage in certain private capital raising a...
The Fed has announced details of the FedNow Service, a 24x7x365 instant payments service slated for initial launch in 2023 or 2024. This Davis Polk memo describes the big picture of the U...
The U.S. prudential regulators have finalized amendments to their non-cleared swap and security-based swap margin regulations. Among other things, the amendments:
permit prudentially r...
We have updated our Volcker Rule flowcharts for recent amendments to the covered fund provisions of the Volcker Rule regulations. These are the second wave of amendments to the Volcker R...
The CFTC last week formally withdrew its controversial Proposed Regulation Automated Trading (Proposed Reg AT) and—consistent with Chairman Tarbert’s principles-based approach to regu...
This memo provides our summary of the final rule amending the covered funds portion of the Volcker Rule regulations, which largely adopts the amendments as proposed. We point out the few ...
Highlighting that legislative steps could help address the “tough legacy” contracts that cannot transition from LIBOR, the UK Government announced on June 23 its intention to expand t...
Acting Comptroller Brian Brooks is moving quickly to make his mark on the digital activities of national banks and to modernize OCC regulations, especially those that intersect with finte...
The contours of the new federal programs to support businesses change almost daily. Our updated deck sets out what companies need to know about the CARES Act and other Federal Reserve pro...
