There is a world of difference between the initial public perceptions and the actual text of the executive order. The elegantly written Executive Order, sets forth a series of core princi...
For our view that there is unlikely to be a dramatic shift in the Dodd-Frank regulatory paradigm, but that there are plenty of very good reasons to engage in a serious rebalancing of rece...
House Speaker Paul Ryan’s A Better Way policy agenda states that “it is time for serious and fundamental reform” of how regulations are made. The House of Representatives is conside...
We have been asked whether our thoughts on the Trump administration’s regulatory freeze memo apply to the hiring freeze memo that was published yesterday. The answer is sort of: the hir...
Early press accounts of President Trump’s regulatory moratorium are highly misleading for financial sector regulations. On Friday, White House Chief of Staff Reince Priebus issued a me...
Last week, the House of Representatives passed three bills containing provisions that would require certain of the financial regulatory agencies to conduct cost-benefit analysis as part o...
On Friday, January 13, the United States Court of Appeals for the District of Columbia Circuit issued an order granting leave for PHH to file a supplemental response to the CFPB’s petit...
The following is the Davis Polk visual memorandum analyzing the Federal Reserve’s final rule on total loss-absorbing capacity (TLAC), eligible long-term debt (LTD) and clean holding com...
On Friday, in response to a question after delivering a speech, Fed Governor Jay Powell criticized the proprietary trading restrictions of the Volcker Rule. He was quoted in the press as...
Last week, the House of Representatives passed two bills and considered another that would dramatically expand Congress’s role in the oversight of agency rulemaking. Although we think t...
