Nov 07, 2023 FSOC Overhauls Standards for Designating Nonbanks as Systemically Important By A&O Shearman On November 3, 2023, the Financial Stability Oversight Council (FSOC) released (i) a new “analytic framework” that sets forth how it will...
May 02, 2023 The Regulatory Post-Mortem Reports on Silicon Valley Bank and Signature Bank By Andrew Lewis The Federal Reserve released a detailed report on the supervision and regulation of the former Silicon Valley Bank (SVB). The report,...
Aug 17, 2022 Fed Imposes New Procedural Roadblock on Banks' Crypto Activities By A&O Shearman Today, the Fed announced a new procedural requirement for banks seeking to engage in crypto activities. Going forward, a bank must...
Aug 16, 2022 Fed Finalizes Review Standards for "Master Account" Applications By A&O Shearman On August 15, 2022, the Federal Reserve Board issued guidelines for how requests by fintech and other firms for access to so-called...
Jan 20, 2022 Fed Releases Paper on Central Bank Digital Currency By A&O Shearman The Federal Reserve has released a much-awaited paper on the potential for a U.S. central bank digital currency (CBDC). The paper...
Nov 30, 2021 Webinar: What A FinTech Needs To Know About Becoming A Bank By Shearman FinTech Recently, there has been a significant increase in applications for new bank charters, particularly from FinTechs and payment-related...
Nov 30, 2021 Webinar: The Road to Central Bank Digital Currencies By Shearman FinTech Shearman & Sterling partner Donna Parisi moderated a panel of experts discussing the outlook for Central Bank Digital Currencies (CBDCs),...
Sep 10, 2021 State of Harmony? Money Transmitter Regulators Move to Create Uniformity Across State Lines By A&O Shearman The Board of Directors of the Conference of State Bank Supervisors (the "CSBS") recently approved the Uniform Money Transmission...
Jul 16, 2021 U.S. Banking Regulators Propose Risk Management Guidance for Bank-Fintech Partnerships By A&O Shearman On July 13, 2021, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation...
Oct 22, 2019 Distilling U.S. Regulatory Environment and Market Access Considerations for Growing FinTechs By Shearman FinTech The rise of global FinTech has brought markets together and enabled cross-border business formation and innovation, but local regulations...