On Friday, the SEC proposed a package of rule amendments and regulatory guidance regarding the cross-border application of its security-based swap (“SBS”) rules. The proposal represe...
The U.S. banking agencies have proposed allowing custodial banking organizations to exclude certain central bank deposits from the calculation of total leverage exposure, the denominator ...
Yesterday, the FDIC issued and invited comments on a proposal to amend and restate their 165(d) Rule, issued jointly with the Federal Reserve, which implements the resolution planning req...
Today, the Federal Reserve issued and invited comments on a proposal to amend and restate their 165(d) Rule, which implements the resolution planning requirements of Section 165(d) of the...
Financial services regulatory reform continues to evolve in 2019. As we observe the changing landscape, here is the New Congress Edition of our reference tool, which provides context and...
In a piece published by the Financial Times, Davis Polk partners Annette Nazareth and Gabe Rosenberg make their trading and markets regulatory predictions for 2019. While the new Democr...
The Federal Reserve and FDIC (the Agencies) provided feedback on the U.S. resolution plans filed in July 2018 by four Foreign Banking Organizations – finding shortcomings in each, but a...
In the decade leading up to the 2008 financial crisis, de novo bank charters averaged more than 100 per year.[1] This robust flow of new bank charters continued a trend since the 1960s an...
The move away from a one-size-fits-all regulatory framework based on asset size continues.On October 31, the Federal Reserve proposed a rule to implement Section 401 of the Economic Growt...
The Federal Reserve has finalized a new supervisory ratings system for large financial institutions (LFIs). The new LFI rating system, which reflects the three core areas of focus in the...
