The Regulatory Post-Mortem Reports on Silicon Valley Bank and Signature Bank
The Federal Reserve released a detailed report on the supervision and regulation of the former Silicon Valley Bank (SVB). The...
Mark Chorazak is a partner in the global Financial Institutions Advisory & Financial Regulatory practice. His practice centers on providing strategic bank regulatory advice to domestic and foreign banks, non-bank financial institutions, and financial technology firms.
Mark’s expertise covers the full spectrum of banking law, from traditional bank regulatory issues to cutting-edge regulatory and legislative developments. He regularly counsels on issues arising under key U.S. banking laws, including the Dodd-Frank Act, the Bank Holding Company Act, the Change in Bank Control Act, the International Banking Act, the Bank Secrecy Act, and the Bank Service Company Act. Among other areas, Mark advises on authority and control questions, fintech and financial innovation issues, chartering and expansionary proposals, corporate governance practices, affiliate transaction restrictions, Volcker Rule compliance, anti-money laundering and sanctions compliance, and enforcement actions. In addition, he advises on capital and debt offerings and private investments in bank and non-bank financial institutions. He has obtained regulatory approvals on a wide range of transactions, including for some of the largest bank mergers. Recently, Mark has been advising financial institutions on the regulatory implications of the transition from LIBOR.
Mark has been recognized as a leader in the financial services space, including by Chambers USA, where clients described him as “incredibly knowledgeable” and “highly perceptive.” He is also recognized as a “Rising Star” by IFLR1000. Prior to private practice, Mark was a law clerk for the Hon. John W. Noble, Delaware Court of Chancery. Prior to joining Shearman & Sterling, Mark was a partner at Cadwalader, Wickersham & Taft and counsel at Simpson Thacher & Bartlett.
The Federal Reserve released a detailed report on the supervision and regulation of the former Silicon Valley Bank (SVB). The...
The Federal Reserve released a detailed report on the supervision and regulation of the former Silicon Valley Bank (SVB). The...
On Friday, April 28, 2023, the Federal Deposit Insurance Corporation (“FDIC”) released a report titled “FDIC’s Supervision of Signature Bank
The recent closures of Silicon Valley Bank and Signature Bank—the second and third largest bank failures in U.S. history—have raised a...
Recent pronouncements, speeches and guidance issued by the U.S. banking agencies have made their stance on cryptocurrency clear: digital...
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