The SEC has finalized rules that will replace Guide 3, the industry guide for banking organizations. The final rules eliminate a number of the requirements under Guide 3, which now appea...
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 Federal Reserve’s recent updates to its regulations on confidential supervisory information and availability of information under the Freedom of Information Act include several mean...
The Office of the Comptroller of the Currency issued an interpretive letter confirming that national banks and federal savings associations may provide cryptocurrency custody services. Th...
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 Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides economic support in multiple forms to nonprofit and tax-exempt organizations facing hardship due to the COVID-1...
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 ...
We have updated our visual memo on the Main Street Program to reflect the expansion of the program and the revised program documents that the Federal Reserve announced this week. This dec...
We have updated our memo on the legal architecture of the Main Street Program to reflect the expansion of the program and the revised program documents that the Federal Reserve announced ...
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...
