Reynolds Holding

JANUARY 5, 2023

The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies) are issuing the following statement on crypto-asset1 risks to banking organizations.

Banking 49

Banking Finance Compliance Marketability 49

Reynolds Holding

NOVEMBER 13, 2023

On October 24, 2023, the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (together, the “Agencies”) released their final Principles for Climate-Related Financial Risk Management for Large Financial Institutions (the “Climate Principles”).

Banking 40

Banking Specific Risk Compliance Technology 40

Reynolds Holding

JULY 9, 2023

The scope would include not only the largest banks, but also regional banks, community banks and the branches and agencies of foreign banks. The scope would include not only the largest banks, but also regional banks, community banks and the branches and agencies of foreign banks.

Banking 45

Banking Finance 45

Reynolds Holding

JULY 31, 2023

On July 27, 2023, the federal banking agencies released a lengthy proposal to revise the capital rules applicable to large banks and bank holding companies. The banking agencies do not anticipate making a final rule effective until at least July 2025, and the proposal suggests a three-year phase-in period after that for most provisions.

Banking 40

Banking Market Risk Marketability Compliance 40

Reynolds Holding

OCTOBER 29, 2023

1] The Proposed Guidelines would be issued as Appendix C to the FDIC’s standards for safety and soundness regulations in part 364 and would be enforceable under Section 39 of the Federal Deposit Insurance Act (the “FDI Act”). assets of $100 billion or more.

Banking 40

Banking Compliance Technology Marketability 40

Reynolds Holding

JUNE 22, 2022

In recent years, innovation in the blockchain or “Web3” space has been impacted by uncertainty on the regulatory front. securities law. securities law. Despite repeated calls for regulatory clarity from industry members, lawmakers and even SEC commissioners, little progress has been made in achieving that clarity.

Banking 45

Banking Treasury Finance Marketability 45

Reynolds Holding

NOVEMBER 13, 2023

4] The Council finalized the Interpretive Guidance and Analytic Framework substantively as proposed in April 2023 ( described in our publication dated April 26, 2023), [5] with minor modifications in response to public comments.

Treasury 40

Treasury Finance Marketability Equity 40

Reynolds Holding

MAY 25, 2023

As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I’m not speaking on behalf of my fellow Commissioners or the SEC staff. Investment Company Act of 1940 There is a saying when you’re in the woods. You don’t have to outrun the bear; you just have to outrun one of your fellow campers.”

Banking 40

Banking Treasury Marketability Start-ups 40

Reynolds Holding

OCTOBER 25, 2023

The Federal Reserve OIG issued a report on SVB’s failure. Media reports have described it as nearly identical to the Barr Report. The report is more critical of the supervisory staff. It does not blame regulatory tailoring for reduced supervisory intensity, except when SVB had assets between $50-$100 billion.

Banking 40

Banking Start-ups Venture Capital Fund Equity 40

Reynolds Holding

SEPTEMBER 9, 2022

Over the generations, Congress has refined and amended these key statutes, adding, amongst other things, oversight of clearing agencies and the over-the-counter market for securities. Joseph Kennedy, the first Chairman of the SEC, had a saying: “No honest business need fear the SEC.” [1]. FDR called this law the “Truth in Securities Act.”.

Marketability 49

Marketability Compliance Start-ups Banking 49

Reynolds Holding

FEBRUARY 7, 2024

On January 29, 2024, Acting Comptroller of the Currency Michael Hsu spoke at the University of Michigan Stephen M. economy—as a way to improve “transparency and trust” in the Office of the Comptroller’s (the “OCC”) “micro,” case-by-case approach to reviewing bank merger applications. Banking System Look Like?

Banking 49

Banking Compliance Marketability 49

Reynolds Holding

SEPTEMBER 5, 2023

On July 27, the three federal banking agencies (the Agencies) [1] jointly proposed changes to the regulatory capital framework applicable to large banks and bank holding companies (the Proposal). Under the Agencies’ existing rules, banking organizations with $100 billion or more in total assets are divided into four categories.

Banking 40

Banking Market Risk Equity Marketability 40

Reynolds Holding

AUGUST 7, 2022

The Basel Principles 1 align closely with the climate-related risk management principles proposed by the Office of the Comptroller of the Currency (the “OCC Proposal”) 2 and the Federal Deposit Insurance Company (the “FDIC Proposal”).

Banking 45

Banking Market Risk Marketability Technology 45

Reynolds Holding

AUGUST 24, 2022

In 2021 and 2022, as the market continued to focus increasingly on environmental, social, and governance (“ESG”) issues, government financial regulators across many independent agencies strongly indicated that increased enforcement relating to ESG is on the horizon, while private plaintiffs filed novel securities class actions based on ESG issues.

Banking 49

Banking Compliance Marketability Corporate Finance 49

Reynolds Holding

MARCH 27, 2024

Far from representing a coordinated, interagency approach to a federal statute (the BMA) that provides for a single set of standards and criteria for acting on a bank merger application, each of these efforts reflects the different views of each agency as to how bank merger transactions should be evaluated. Our key takeaways are below.

Banking 45

Banking Marketability Specific Risk Finance 45

Reynolds Holding

OCTOBER 30, 2022

The report recently issued by the Financial Stability Oversight Council (FSOC) is quite different from the other reports published so far by the U.S. financial regulators in response to Executive Order 14067 on digital assets (FSOC Report). financial regulators in response to Executive Order 14067 on digital assets (FSOC Report).

Banking 53

Banking Marketability Finance Technology 53

Reynolds Holding

DECEMBER 12, 2022

At the federal regulatory agency level, the Consumer Financial Protection Bureau (“CFPB”) published guidance in May 2022 for financial institutions that use AI tools. Companies have increasingly leveraged artificial intelligence (“AI”) to facilitate decisions in the extension of credit and financial lending as well as hiring decisions.

Technology 45

Technology Finance Equity 45

Reynolds Holding

SEPTEMBER 7, 2023

The LTD Proposal would not directly affect the eight US G-SIBs or their subsidiaries, which already are subject to more stringent LTD requirements, nor would it affect credit unions, US branches and agencies of foreign banking organizations, or the non-US operations of foreign banking organizations.

Banking 40

Banking Finance Equity Marketability 40

Reynolds Holding

MARCH 31, 2024

banking regulators have proposed policy statements focused on providing greater insight on the agencies’ review of bank mergers and acquisitions under the Bank Merger Act (BMA). [1] In recent months, the U.S. In recent months, the U.S. The comment period for the OCC NPRM will end April 15, 2024.

Banking 45

Banking Compliance Marketability 45

Reynolds Holding

APRIL 21, 2022

On March 21, 2022, the Securities and Exchange Commission proposed, in a 510-page release , climate-related disclosure rules for public companies. Although the proposed rules do not impose industry-specific requirements, in certain areas they would have a particularly significantly impact on companies in the financial sector. BACKGROUND.

Finance 45

Finance Banking Compliance Equity 45

Reynolds Holding

JUNE 26, 2023

As we revise our general Merger Guidelines, Philadelphia National Bank looms large, and its impact on antitrust merger law is enduring and undeniable for enforcement agencies and for courts. The Department of Justice and the banking agencies issued the current Bank Merger Guidelines in 1995. [3] Philadelphia National Bank. [1]

Banking 45

Banking Marketability 45

Reynolds Holding

NOVEMBER 9, 2022

On October 19, 2022, 19 Republican state attorneys general (the AGs) launched a coordinated investigation by issuing civil investigative demands (CIDs) to six major US banks. The CIDs seek information related to the banks’ membership in the United Nations’ Net-Zero Banking Alliance (NZBA) and other climate-related initiatives.

Banking 80

Banking Finance 80

Reynolds Holding

JANUARY 22, 2023

According to the Fall 2022 Unified Agenda of Regulatory and Deregulatory Actions released by the Office of Management and Budget’s Office of Information and Regulatory Affairs in early January 2023 (the “Fall 2022 Unified Agenda”), [1] the SEC is expected to take final action on the climate-related disclosure rule in Spring 2023.

Banking 49

Banking Marketability Equity Finance 49

Reynolds Holding

AUGUST 9, 2023

It would not directly affect credit unions, US branches and agencies of foreign banking organizations, or the non-US operations of foreign banking organizations. 2 Comments on both proposals are due by November 30, 2023. 2 Comments on both proposals are due by November 30, 2023.

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Banking Market Risk Marketability Finance 52