Region: United States of America

Heads Up: with Satish Kini at Debevoise & Plimpton

“What’s the lore, as opposed to the law?” The chair of Debevoise’s banking group Satish Kini speaks to GBRR about sanctions, credibility with regulators, and how innovation is levelling the playing field of experience.

29 June 2022

A relentless rush of radical rulemakings? SEC’s Peirce critiques new SEC regulatory agenda

The US Securities & Exchange Commission has rolled out a “crammed” agenda for the next six months, but a frequent dissenting commissioner has said the regulator is straying from its core mission in favour of “shiny objects”.

27 June 2022

Industry reacts to “arbitrary and capricious” SEC climate proposal

Industry stakeholders have given a broadly hostile response to the US Securities and Exchange Commission’s climate disclosure proposal, saying its move away from a principles-based approach is “dramatic and unwarranted”.

22 June 2022

FinCEN consults on potential no-action letter process

The US Treasury’s financial crime enforcer is considering expanding its discretionary repertoire to include no-action letters in cases of compliance failure.

13 June 2022

“A big first step”: Lummis-Gillibrand proposes CFTC as primary crypto regulator, seeks automatic Fed accounts for fintechs

A bipartisan crypto bill, coming to the US Senate just weeks after the Terra stablecoin crash, looks set to re-energise the conversation around crypto regulation as market participants both applaud and decry its proposals.

10 June 2022

New York regulator issues stablecoin reserve guidance

New York’s state financial regulator has specified standards for stablecoin reserves, in the first guidance to be released in the US since the Luna-Terra crash.

10 June 2022

Ex-FDIC chair McWilliams to lead new Cravath DC office

Cravath Swaine & Moore is opening up a new office in Washington, DC, led by the former chair of the Federal Deposit Insurance Corporation Jelena McWilliams, along with two former senior figures from the Securities & Exchange Commission.

07 June 2022

US Commerce Department calls for input on digital asset framework

The United States’ Department of Commerce has asked whether the US regulatory landscape is impacting the global competitiveness of digital asset platforms, as practitioners say the forthcoming framework could affect “a number of new market actors”.

26 May 2022

SEC’s administrative proceedings unconstitutional, appeals court rules

A US appeals court has found the SEC’s in-house administrative adjudication system lacks proper constitutional grounds – a ruling which practitioners say could “significantly limit” the regulator's enforcement activities.

23 May 2022

OCC’s Hsu calls for bank merger policy reform

The United States’ Office of the Comptroller of the Currency will review its approach to bank mergers, its acting head has said, giving his ideas on what such a review may look like after President Joe Biden’s order to regulators to prioritise a bank merger policy change.

11 May 2022