On July 28, 2016, The Clearing House issued a white paper, The Custody Services of Banks, which describes the role of bank-chartered custodians. The paper discusses the services provided...
As of July 19, 2016, 271 rulemaking deadlines have passed. Of the 271 rulemaking requirements with deadlines that have passed, 210 (77.5%) have been met with finalized rules and rules hav...
On June 23, 2016, the UK electorate voted to leave the European Union. The referendum was advisory rather than mandatory and does not have any immediate legal consequences. It will, howev...
The Federal Reserve recently issued a proposed rule that would prohibit the U.S. G-SIBs and certain foreign G-SIBs from entering into new swaps, repurchase agreements and other qualified ...
Just before a major development in the Panama Papers document leak, the United States Treasury Department announced a series of initiatives signaling an increased regulatory focus on offs...
The Federal Reserve has reproposed rules that would establish single-counterparty credit limits (“SCCL Reproposal”) for certain U.S. bank holding companies (“BHCs”) and foreign ba...
Following is Davis Polk’s client memorandum on the FDIC’s and the SEC’s proposed rule to implement the provisions applicable to covered broker-dealers under Title II of the Dodd-Fra...
