The U.S. federal banking agencies have issued an interagency statement addressing industry questions on model risk management and AML compliance. Specifically, the statement clarifies th...
Davis Polk partner Robert Cohen and associate Brook Jackling recently authored “A Call for Greater Clarity Around SEC Cooperation Credit” in Law360. In the article, they discuss why t...
The Financial Crimes Enforcement Network of the U.S. Department of the Treasury has begun a rulemaking to implement the beneficial ownership reporting provisions of the new Corporate Tran...
The use of artificial intelligence and machine learning (AI) in the financial sector has become a high priority for the U.S. financial regulators. In a rare event, five of them have joine...
Davis Polk partner Robert Cohen and associates Mikaela Dealissia and Will Schildknecht recently authored “SEC Data Transfer Safe Harbor Raises Questions for UK Companies” in Law360. I...
On March 5, the SEC announced charges against AT&T for violating Regulation FD (Fair Disclosure), the agency’s marquee rule forbidding companies from “selectively disclosing” materi...
Yesterday, the Securities and Exchange Commission announced a newly created Climate and ESG Task Force in the Division of Enforcement. The announcement is a reminder for public companies,...
Three data breach enforcement examples, two under the GDPR and one in the U.S., highlight differences across the Atlantic in the mechanics of fines and civil penalties, including how and ...
Parties considering whether to settle an SEC enforcement investigation or criminal proceeding have a reasonable expectation that they will know the likely consequences of a settlement. T...
In a recently issued administrative order, the SEC implicitly acknowledged that the limiting principles for disgorgement that the Supreme Court outlined in Liu v. Securities and Exchange ...
