A recent PWG Report on stablecoins and statements by U.S. financial regulators suggest near-term enforcement focus and longer-term regulatory changes for stablecoin and other cryptocurrency…
The Fed’s recent proposal marks the latest development on one of the most important policy questions for the U.S. financial system today: who is entitled to have a master account? A master…
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 joined…
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…
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…
Davis Polk partner Annette Nazareth was the contributing editor for the 2020 edition of Getting the Deal Through: Financial Services Compliance, a compilation of the rules and approaches to…
The Federal Reserve has issued updated FAQs regarding its money market mutual fund liquidity facility (MMLF), modifying the FAQs issued on March 21.
For more information on the MMLF, please…
The Federal Reserve’s creation of a Primary Dealer Credit Facility (PDCF) follows the announcement of a Commercial Paper Funding Facility and represents a continuation of the Federal…
The Federal Reserve’s creation of a Money Market Mutual Fund Liquidity Facility (MMLF) follows the announcement of a Commercial Paper Funding Facility and a Primary Dealer Credit Facility,…
This visual memorandum describes the proposed amendments to the covered fund provisions of the Volcker Rule regulations issued by the Federal Reserve, FDIC, OCC, SEC and CFTC. To make the…
