On October 17, 2023, CFTC Director of Enforcement Ian McGinley signaled a more aggressive approach by the agency in new enforcement guidance addressing penalties, admissions, the impositi...
The Federal Reserve OIG issued a report on SVB’s failure. Media reports have described it as nearly identical to the Barr Report. The report is more critical of the supervisory staff. I...
The FDIC proposed enforceable guidelines on corporate governance and risk management that would apply to all state non-member banks with assets greater than $10 billion. The proposal wou...
The federal banking agencies’ 1,087-page Basel III endgame proposal, released on July 27 after split votes at both the Federal Reserve and the FDIC, has roiled the banking sector. The p...
The FDIC, Federal Reserve and OCC have proposed to extend the long-term debt and clean holding company portions of the Federal Reserve’s existing TLAC Rule for U.S. GSIBs and U.S IHCs o...
The Federal Reserve and FDIC have released the Section 165(d) Rule Guidance Proposals and the FDIC has released an IDI Resolution Planning Rule Proposal, both of which would result in maj...
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...
The majority, concurring and dissenting opinions in Biden v. Nebraska illustrate the differences of view among the Justices on the major questions doctrine.
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...
