FDIC has revamped its IDI Rule resulting in major changes in the resolution submissions for covered banks. Our visual memo, linked below, summarizes key components of the final rule and p...
Davis Polk chair of Financial Institutions Randy Guynn, head of Financial Institutions Margaret Tahyar and associate Kirill Lebedev authored “A tale of two SVB reports: Where the Fed’...
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 Federal Reserve and FDIC have released the Section 165(d) Rule Guidance Proposals and the FDIC has released an IDI Resolution Planning Rule Proposal, both of which would result in maj...
Digital asset legislation is on the (perhaps distant) horizon. We have started to see legislative proposals, some of which are meant to create a regulatory framework for all digital asse...
Consensus has emerged among policymakers, regulators and the industry on the need for sound regulation of digital assets that supports innovation and inclusion. This deck looks across the...
The Federal Reserve released a paper to start a public discussion on the pros and cons of a potential U.S. central bank digital currency. Here are our five key takeaways.
A recent PWG Report on stablecoins and statements by U.S. financial regulators suggest near-term enforcement focus and longer-term regulatory changes for stablecoin and other cryptocurren...
The Federal Reserve, FDIC and OCC jointly issued a due diligence guide for community banks for assessing potential relationships with fintechs. Our client update examines the implication...
The Federal Reserve, FDIC and OCC jointly issued proposed guidance on banking organizations’ risk management of third-party relationships. The proposed interagency guidance would replac...
