Davis Polk partner David Portilla authored “The March 2023 banking sector turmoil: Policy considerations for the regulation of large banking organizations” in Business Law Today. In t...
The Federal Reserve Board released two supervisory letters: one introducing a program to supervise novel activities and one providing details on the process for state member banks to enga...
The House Financial Services Committee approved the Clarity for Payment Stablecoins Act of 2023. If enacted, the legislation would create a regulatory framework for the issuance and overs...
Davis Polk partners Joe Hall, David Portilla and Zach Zweihorn and associate Justin Levine authored “A closer look at competing stablecoin legislative proposals” in Law360. In the art...
The SEC lost a game point in its case against Ripple Labs when a federal court ruled that several categories of XRP token sales were not securities transactions. If adopted by other court...
This deck provides an overview of Dodd-Frank Act Section 1033, sometimes referred to as the Dodd-Frank Act’s “open banking” provision, and reviews developments over the past several...
Representatives Patrick McHenry (R-NC) and Maxine Waters (D-CA), the respective Chair and Ranking Member of the House Financial Services Committee, have been negotiating legislation to re...
As the RECOUP Act advances through Congress, there should be a deeper look at the removal and corporate governance provisions, which have been largely ignored by the business press. These...
The Federal Reserve, FDIC and OCC released final joint guidance on banking organizations’ management of risks associated with third-party relationships. The guidance applies to all thir...
The NY Attorney General is seeking legislation that would significantly expand the state’s reach over digital assets and require wholesale changes to the operation of digital asset busi...
