Region: United States of America

NY Libor switch plan included in Cuomo budget

New York’s governor has included a plan in the state’s draft budget to prevent widespread disruption as Libor-linked contracts shift to new benchmarks, after lobbying from industry bodies.

21 January 2021

Skadden hires old SEC hand

Skadden Arps Slate Meagher & Flom has hired the SEC’s former international affairs director Raquel Fox as a partner in its Washington, DC office.

21 January 2021

Biden Begins

As Joe Biden becomes US president, incoming Treasury Secretary Janet Yellen has promised a dedicated climate risk hub, while Gary Gensler and Rohit Chopra have been tapped to lead the SEC and CFPB.

20 January 2021

Community roundup: Linklaters names global banking heads; Davis Polk hires OCC alum in DC

Linklaters has named Madrid- and London-based partners to head its banking practice, while Davis Polk & Wardwell has hired from Buckley in Washington, DC.

18 January 2021

Brooks departs OCC, finalising "fair access" on the way out

The US Acting Comptroller of the Currency, Brian Brooks, is stepping down – finalising the controversial “fair access” rule on his final day in office – as former CFTC chair Gary Gensler is reportedly being tapped to head the SEC.

14 January 2021

New year, new promotions

Morrison & Foerster, Allen & Gledhill and Hogan Lovells have all included banking regulation practitioners in their new year promotions rounds.

11 January 2021

OCC faces blowback for “fair access” proposal

The US Office of the Comptroller of the Currency is facing stiff opposition from the banking industry to a proposed rule that would compel banks to lend to socially undesirable companies such as the fossil fuel and arms industries, as the “unusually compressed” comment period for the proposal ends.

08 January 2021

US banks can use stablecoins and blockchain for settlement, OCC says

The US Office of the Comptroller of the Currency will allow federally chartered banks to use public blockchains and stablecoins as a settlement infrastructure.

06 January 2021

White & Case hires Milbank fintech practice lead

Douglas Landy, head of Milbank’s fintech and regulatory practices, has joined White & Case as a partner in its New York office.

06 January 2021

Regulators dial back dividend and buyback restrictions

US, UK and Australian regulators are dialling back calls for dividend and buyback restrictions issued at the outset of the covid-19 pandemic – while the European Central Bank has revised its outright suspension even as it encourages banks to continue forgoing distributions until September.

21 December 2020

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