While those of us in parts of the Mid-West and the East Coast received a snowy reminder this week that winter is still with us, a modest thaw of sorts nevertheless arrived on Thursday in ...
When this blog began in November 2016, we noted that the Financial CHOICE Act proposed by Rep. Jeb Hensarling was only the beginning. While many eyes continued to be fixed on the House Fi...
A newly leaked memo outlines the changes to be made in the next version of Rep. Jeb Hensarling’s CHOICE Act, including changes to the core regulatory off-ramp provision and to stress te...
House Speaker Paul Ryan’s A Better Way policy agenda states that “it is time for serious and fundamental reform” of how regulations are made. The House of Representatives is conside...
The following is the Davis Polk visual memorandum analyzing the Federal Reserve’s final rule on total loss-absorbing capacity (TLAC), eligible long-term debt (LTD) and clean holding com...
The OCC’s proposed framework for granting special purpose national bank charters could hold significant promise by providing the benefits of federal preemption and a stable regulatory s...
IN THIS ISSUE:
Introduction
Walking on the cliff edge
New proposals for EU intermediate holding companies
“What’s the model? Have your cake and eat it.”
These were the handwrit...
President-Elect Trump’s transition website promises to “dismantle the Dodd-Frank Act and replace it with new policies to encourage economic growth and job creation.” To help our cl...
Yesterday, the Federal Reserve, OCC and FDIC issued the long-expected report to Congress and the FSOC, as required under section 620 of the Dodd-Frank Act, regarding activities and invest...
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...
