ArticleStructuring Covenants In Leveraged Financing And High-Yield BondsThe panel discussed various covenants, including builder baskets, debt provisions, equity cures and other key issues.United StatesFinance and BankingA&O Shearman
ArticleUK Financial Conduct Authority Consults On Ex Post Impact EvaluationOn April 9, 2018, the FCA published a discussion paper on its proposed approach to using ex post impact evaluation to assess the impact of its work on consumers, firms and markets.United StatesFinance and BankingA&O Shearman
ArticleUK Regulator Proposals To Amend The Conduct Of Business Rules For Retail CfDsThe FCA published a consultation paper setting out its proposals to enhance the conduct of business rules for firms providing contract for difference products to retail clients and to limit the risks of CfDs for retail clients. United StatesFinance and BankingA&O Shearman
ArticleUS Consumer Financial Protection Bureau Issues Information Request For Civil Investigative DemandsOn January 26, 2018, the U.S. Consumer Financial Protection Bureau published a notice in the Federal Register requesting public comment regarding the agency's Civil Investigative Demands (CID) processes.United StatesFinance and BankingA&O Shearman
ArticleUS Federal Banking Regulators May Re-Evaluate Leveraged Lending GuidanceOn December 5, 2017, the US Board of Governors of the Federal Reserve System, and the US Federal Deposit Insurance Corporation sent letters to Representative Blaine Luetkemeyer...United StatesFinance and BankingA&O Shearman
ArticleUS Federal Reserve Bank Of New York Executive Vice President Discusses The Role Of Bank Supervisors In The Culture Reform DialogueOn December 7, 2017, US Federal Reserve Bank of New York Executive Vice President Kevin Stiroh spoke at a culture roundtable session regarding misconduct, risk, culture, and supervision. United StatesFinance and BankingA&O Shearman
ArticleUS Federal Reserve Board Announces Retirement Of General Counsel Scott G. AlvarezOn February 8, 2017, the US Federal Reserve Board announced that Scott G. Alvarez, general counsel, will retire later in 2017, after nearly 36 years of service to the Federal Reserve Board. United StatesFinance and BankingA&O Shearman
ArticleUS Federal Reserve Board Releases Global Indicator Amounts For G-SIB Surcharge CalculationOn December 28, 2016, the US Federal Reserve published the aggregate global indicator amounts for the purposes of calculating the "Method 1" G-SIB Surcharge for 2016. United StatesFinance and BankingA&O Shearman
ArticleUS Federal Reserve Vice Chairman For Supervision Discusses The Promotion Of Global Financial StabilityOn June 27, 2018, U.S. Board of Governors of the Federal Reserve System Vice Chairman for Supervision, Randal Quarles, discussed the importance of the promotion of global financial stability ...United StatesFinance and BankingA&O Shearman
ArticleUS Office Of The Comptroller Of The Currency Announces Technical Amendments To Stress Testing RegulationOn February 23, 2018, the U.S. Office of the Comptroller of the Currency issued a final rule that makes certain technical amendments to its annual stress testing regulation.United StatesFinance and BankingA&O Shearman
ArticleUS Office Of The Comptroller Of The Currency Issues Revised Comptroller's Licensing Manual BookletOn February 16, 2017, the OCC issued a revised version of the "Changes in Directors and Senior Executive Officers" booklet of the Comptroller's Licensing Manual. United StatesFinance and BankingA&O Shearman
ArticleUS Regulators Extend Resolution Plan Filing Deadline For 14 US Financial InstitutionsOn July 2, 2018, the U.S. Federal Reserve Board and FDIC announced that they were extending the filing deadline for the resolution plans of 14 U.S. financial institutions to December 31, 2019.United StatesFinance and BankingA&O Shearman
ArticleUS Senate Passes Financial Regulatory Reform BillOn March 14, 2018, the U.S. Senate passed a significant financial services reform bill 67-31 on a bipartisan basis that would eliminate certain requirements of the Dodd-Frank Act ...United StatesFinance and BankingA&O Shearman
ArticleTrump Administration DevelopmentsShearman & Sterling is providing practical insights on the implications of actions taken by the Trump Administration on an ongoing basis.United StatesGovernment, Public SectorA&O Shearman
ArticleSanctions Round Up: Second Quarter 2021This quarter, the Biden Administration maintained its tough stance on China, revamping Trump-Era restrictions and expanding sanctions to include the PRC's surveillance technology sector.United StatesInternational LawA&O Shearman
ArticleNinth Circuit Amends Opinion Partially Reviving Putative Class Action Against Manufacturer Of Pop Culture Collectibles And Denies Rehearing PetitionsThe Ninth Circuit has amended its opinion in a securities fraud class action against a pop culture collectibles manufacturer, clarifying that the company's risk disclosures improperly framed already-realized harms as hypothetical future risks. The court denied petitions for panel rehearing and rehearing en banc, maintaining its partial reversal of the district court's dismissal of claims under Sections 10(b) and 20(a) of the Securities Exchange Act. United StatesLitigation, Mediation & ArbitrationA&O Shearman
ArticleUK Litigation Review 2020This is the first edition of UK Litigation Review—an annual publication focused on outcomes, trends and developments in civil litigation over the past year of relevance to both practitioners and clientsUnited StatesLitigation, Mediation & ArbitrationA&O Shearman
ArticleAltman And Serrato Contribute To Mergermarket Report On Data Privacy Issues In M&APartner Jordan Altman and counsel Jeewon Kim Serrato contributed to a Mergermarket report on data privacy considerations in M&A transactions. United StatesPrivacyA&O Shearman
ArticleCybersecurity – Preparing For The Changing LandscapeThe changes to the cybersecurity and data protection landscape have been significant. The growing number and sophistication of cyberattacksUnited StatesTechnologyA&O Shearman
ArticleSEC's Proposed Amendments To Definition Of ‘Exchange': A Potential Game-Changing Impact On Crypto CompaniesPartners Donna Parisi and Jennifer Morton co-authored an article for Reuters.United StatesTechnologyA&O Shearman