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  • Article

    US Comptroller Of The Currency Discusses Innovation In The Financial Services Industry

    The Comptroller also spoke about the OCC's principles for implementing a regulatory framework to support responsible innovation in the federal banking system.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Consumer Financial Protection Bureau Issues Information Request For Civil Investigative Demands

    On 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 Banking
    A&O Shearman
    A&O Shearman
Article

US Consumer Financial Protection Bureau Releases Bulletin On Treatment Of Confidential Supervisory Information

On January 27, 2015, the US Consumer Financial Protection Bureau ("CFPB") issued a compliance bulletin on the treatment of confidential supervisory information.
United StatesFinance and Banking
A&O Shearman
A&O Shearman
  • Article

    US Federal Banking Agencies Finalize Revisions To The Capital Rules Applicable To Advanced Approaches Banking Organizations

    On June 16, 2015, the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency issued final revisions to the regulatory capital rules adopted in July 2013.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Banking Regulators May Re-Evaluate Leveraged Lending Guidance

    On 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 Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Deposit Insurance Corporation Issues Proposal Revising Provisions Of Securitization Safe Harbor Rule

    The amendment would be effective on the same timeline as the credit risk retention rule adopted under Section 15G of the Securities Exchange Act.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Deposit Insurance Corporation Updates Deposit Insurance Fund Figures

    On September 20, 2016, FDIC Chairman Martin Gruenberg issued a statement on the release of updated data regarding the FDIC's Deposit Insurance Fund.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Deposit Insurance Corporation Vice Chairman Hoenig Discusses A Framework For Tailored Supervision

    On April 6, 2016, US Federal Deposit Insurance Corporation Vice Chairman Thomas M. Hoenig discussed the decline of traditional community banks over the last thirty years and the resulting concentration of the US financial system in a few large financial firms.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Financial Institutions Examination Council Develops Cybersecurity Assessment Tool For Chief Executive Officers And Boards Of Directors

    The tool, together with other resources made available by the FFIEC to financial institutions, is available for all financial institutions regardless of asset size and is intended to aid senior management and boards of directors of financial institutions to assess cybersecurity risk and preparedness.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Reserve Bank Of New York Executive Vice President Discusses The Role Of Bank Supervisors In The Culture Reform Dialogue

    On 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 Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Reserve Board Announces Retirement Of General Counsel Scott G. Alvarez

    On 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 Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Reserve Board Approves Enhancements To Reserve Banks' Same-Day ACH Service

    On September 23, 2015, the US Federal Reserve Board approved enhancements to its automated clearing house service that will require its receiving depository institutions...
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Reserve Board Chair Janet Yellen Testifies Before House Committee On Financial Services

    On September 28, 2016, Janet Yellen, Chair of the Federal Reserve, testified before the Committee on Financial Services of the US House of Representatives.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Reserve Board Governor Delivers Speech On Central Counterparty Clearing

    On November 17, 2015, US Federal Reserve Board Governor, Jerome H. Powell, delivered a speech at The Clearing House annual conference discussing progress made in strengthening CCPs...
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Reserve Board Governor Delivers Speech On Nonbank Financial Intermediation

    On November 17, 2015, US Federal Reserve Board Governor, Daniel K. Tarullo, delivered a speech at the Brookings Institution discussing the need to carefully regulate nonbank financial intermediation activities.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Reserve Board Grants Financial Holding Company Status To South Korea-Based Company And Subsidiary

    On June 18, 2015, the US Board of Governors of the Federal Reserve System issued a letter granting Financial Holding Company status to KB Financial Group, Inc. and its subsidiary, Kookmin Bank, both of Seoul, South Korea.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Reserve Board Releases Global Indicator Amounts For G-SIB Surcharge Calculation

    On 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 Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Reserve Vice Chairman For Supervision Discusses The Promotion Of Global Financial Stability

    On 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 Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Financial Crimes Enforcement Network Requests Comment On Impact Assessment Of Proposed Rule On Customer Due Diligence Requirements

    On December 23, 2015, the US Financial Crimes Enforcement Network issued a notice requesting public comment on two related regulatory impact assessments...
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Financial Stability Oversight Council Files Appeal To Metlife Decision

    On April 8, 2016, the US Financial Stability Oversight Council filed its appeal to the DC District Court opinion overturning the FSOC's designation of insurer MetLife as a systemically important financial institution.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
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