Practice Mobile Menu Trigger Overview Experience Team Insights Subscribe to insights Featured insights April 27, 2026 Client Update Visual memo: Key changes under the federal banking agencies’ revised model risk management guidance The OCC, Federal Reserve, and FDIC released updated guidance on model risk management, which rescinds and supersedes prior... April 21, 2026 Client Update OFAC and FinCEN release proposed rule to implement the GENIUS Act FinCEN and OFAC have taken steps to implement the AML/CFT and sanctions compliance obligations under the GENIUS Act, the m... April 16, 2026 Client Update Visual memo: Anti-money laundering and countering the financing of terrorism program proposed rules This visual memorandum provides a summary and overview of the Department of the Treasury’s proposed rules that would upd... March 24, 2026 Client Update SEC begins to clarify application of federal securities laws to crypto The SEC has issued a much-anticipated interpretation regarding when the federal securities laws apply to certain types of ... March 12, 2026 Client Update Federal banking agencies issue guidance on capital treatment of tokenized securities Banking organizations must ensure that a tokenized security confers identical legal rights as its non-tokenized counterpar... February 23, 2026 Client Update Supervisory appeals: OCC proposed rule vs. FDIC guidelines The Office of the Comptroller of the Currency issued a notice of proposed rulemaking that would change its supervisory app... See more insights October 16, 2020 Client Update SEC Proposes to Exempt Certain “Finders” from Broker-Dealer Registration Requirements A divided SEC voted last week to issue a Proposed Exemptive Order (the Proposal) that would, if adopted, permit natural pe... October 7, 2020 Client Update SBA Guidance: M&A Transactions and PPP Borrowers The SBA has issued a long-awaited Procedural Notice providing guidance on the procedures for changes of ownership of an en... September 29, 2020 Client Update SEC No-Action Letter Facilitates Secondary Market Trading of Digital Asset Securities In a game-changing development for the future viability of digital asset securities trading, staff of the Division of Trad... September 23, 2020 Client Update OCC Confirms that National Banks May Take Deposits that Serve as Reserves for Fiat-Pegged Stablecoins The OCC has issued an interpretive letter confirming that national banks may take deposits that serve as reserves for fiat... September 22, 2020 Client Update CFIUS Issues Final Rule Amending Mandatory Declaration Standards The Committee on Foreign Investment in the United States (“CFIUS”) recently promulgated final regulations that modify ... September 22, 2020 Client Update SEC Finalizes Guide 3 Replacement The SEC has finalized rules that will replace Guide 3, the industry guide for banking organizations. The final rules elim... September 14, 2020 Client Update Main Street Support for Nonprofits The Federal Reserve has opened the Main Street Lending Program to nonprofits. Main Street loans are complicated, and the f... September 1, 2020 Articles & Books What is a broker-dealer? Davis Polk partner Zach Zweihorn co-authored “What is a broker-dealer?” a chapter in the second edition of Broker-Deal... August 28, 2020 Client Update Direct Listings by Companies Gain Momentum The path to direct listings by companies is getting easier. On Wednesday, the SEC approved the NYSE’s rule change that w... August 20, 2020 Client Update The Federal Reserve And Central Bank Digital Currencies Our memo delivers key takeaways on the Federal Reserve’s recent announcement about its research into central bank digita... Load More
April 27, 2026 Client Update Visual memo: Key changes under the federal banking agencies’ revised model risk management guidance The OCC, Federal Reserve, and FDIC released updated guidance on model risk management, which rescinds and supersedes prior...
April 21, 2026 Client Update OFAC and FinCEN release proposed rule to implement the GENIUS Act FinCEN and OFAC have taken steps to implement the AML/CFT and sanctions compliance obligations under the GENIUS Act, the m...
April 16, 2026 Client Update Visual memo: Anti-money laundering and countering the financing of terrorism program proposed rules This visual memorandum provides a summary and overview of the Department of the Treasury’s proposed rules that would upd...
March 24, 2026 Client Update SEC begins to clarify application of federal securities laws to crypto The SEC has issued a much-anticipated interpretation regarding when the federal securities laws apply to certain types of ...
March 12, 2026 Client Update Federal banking agencies issue guidance on capital treatment of tokenized securities Banking organizations must ensure that a tokenized security confers identical legal rights as its non-tokenized counterpar...
February 23, 2026 Client Update Supervisory appeals: OCC proposed rule vs. FDIC guidelines The Office of the Comptroller of the Currency issued a notice of proposed rulemaking that would change its supervisory app...
October 16, 2020 Client Update SEC Proposes to Exempt Certain “Finders” from Broker-Dealer Registration Requirements A divided SEC voted last week to issue a Proposed Exemptive Order (the Proposal) that would, if adopted, permit natural pe...
October 7, 2020 Client Update SBA Guidance: M&A Transactions and PPP Borrowers The SBA has issued a long-awaited Procedural Notice providing guidance on the procedures for changes of ownership of an en...
September 29, 2020 Client Update SEC No-Action Letter Facilitates Secondary Market Trading of Digital Asset Securities In a game-changing development for the future viability of digital asset securities trading, staff of the Division of Trad...
September 23, 2020 Client Update OCC Confirms that National Banks May Take Deposits that Serve as Reserves for Fiat-Pegged Stablecoins The OCC has issued an interpretive letter confirming that national banks may take deposits that serve as reserves for fiat...
September 22, 2020 Client Update CFIUS Issues Final Rule Amending Mandatory Declaration Standards The Committee on Foreign Investment in the United States (“CFIUS”) recently promulgated final regulations that modify ...
September 22, 2020 Client Update SEC Finalizes Guide 3 Replacement The SEC has finalized rules that will replace Guide 3, the industry guide for banking organizations. The final rules elim...
September 14, 2020 Client Update Main Street Support for Nonprofits The Federal Reserve has opened the Main Street Lending Program to nonprofits. Main Street loans are complicated, and the f...
September 1, 2020 Articles & Books What is a broker-dealer? Davis Polk partner Zach Zweihorn co-authored “What is a broker-dealer?” a chapter in the second edition of Broker-Deal...
August 28, 2020 Client Update Direct Listings by Companies Gain Momentum The path to direct listings by companies is getting easier. On Wednesday, the SEC approved the NYSE’s rule change that w...
August 20, 2020 Client Update The Federal Reserve And Central Bank Digital Currencies Our memo delivers key takeaways on the Federal Reserve’s recent announcement about its research into central bank digita...