After a sharply divided vote of 3-2, the FDIC Board voted to request public comment on whether compensation policies should be incorporated as a factor in the risk-based insurance premium...
For the second time since adopting its Final Statement of Policy for Failed Bank Acquisitions (the “Policy Statement”), the FDIC has issued “Questions and Answers” (the “Revised...
What follows is a summary of the Wall Street Reform and Consumer Protection Act passed by the House of Representatives on December 11, 2009. The Act, like Senate Banking Committee Chairma...
This summary compares the Restoring American Financial Stability Act of 2009, referred to as the “Dodd bill,” with various other legislative proposals.
The legislative season for financial regulatory reform is now in full swing. In the last two weeks, the leadership of the House Financial Services Committee and Treasury have jointly prop...
The SEC staff has issued Staff Legal Bulletin No. 14E which revises its historical positions on the exclusion under Rule 14a-8(i)(7) of shareholder proposals related to risk evaluation an...
The Federal Reserve proposed on October 22 a new regulatory framework that would for the first time put compensation practices at the heart of the U.S. financial regulatory regime. The pr...
A discussion draft of legislation to regulate the over-the-counter (“OTC”) derivatives markets (the “Draft Bill”) was released on October 2, 2009 by House Financial Services Commi...
The Davis Polk Financial Crisis Manual has been written for anyone who wants to understand the flurry of new legislation, old law used in new ways, contracts with Treasury, press releases...
At a meeting of the Board of Directors of the FDIC on August 26, 2009, the FDIC adopted a Final Statement of Policy on Qualifications for Failed Bank Acquisitions. The final policy statem...
