The OCC finalized a rule clarifying that national trust banks may engage in non-fiduciary activities but left open the question of whether a national trust bank must engage in a minimum a...
The Office of the Comptroller of the Currency issued a notice of proposed rulemaking that would change its supervisory appeals process. We compare the OCC proposal with the recently final...
The OCC proposed a rule that would eliminate any uncertainty as to whether national trust banks can engage in non-fiduciary activities. If adopted, the proposal would align language in th...
The Federal Reserve and FDIC took actions last week designed to facilitate crypto-related activities. The Federal Reserve rescinded its anti-crypto 2023 policy statement and replaced it w...
Davis Polk partner and Financial Institutions practice head Margaret Tahyar authored “Good Intentions – Bad Results” in Open Banker. In the article, Margaret contends that the shock...
The OCC released new Bank Secrecy Act examination procedures to reduce regulatory burdens for community banks, continuing its efforts to streamline anti-money laundering compliance obliga...
The FDIC and OCC propose to codify safety and soundness and reputational risk. This update contains our key takeaways, views on immediate steps banks should consider and a summary of the ...
Davis Polk partner and Financial Institutions practice head Margaret Tahyar co-authored the Fourth Edition of Financial Regulation: Law and Policy with Howell Jackson, Professor of Law at...
Davis Polk partner and Financial Institutions practice head Margaret Tahyar authored “For meaningful reform to take root, regulators must exit the shadows” in Open Banker with co-auth...
