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Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, April 17, 2025

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April 16, 2025 - The U.S. Department of the Treasury released Treasury International Capital (TIC) data for February 2025. The next release, which will report on data for March 2025, is scheduled for May 16, 2025....more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday February 6, 2025

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February 5, 2025 - The Federal Reserve Board released the hypothetical scenarios for its annual stress test, which helps ensure that large banks can lend to households and businesses even in a severe recession....more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday January 31, 2025

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January 29, 2025 - The U.S. Senate Committee on Small Business and Entrepreneurship held a hearing on the nomination of Kelly Loeffler to be administrator of the Small Business Administration....more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday January 13, 2025

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January 10, 2025 - The Consumer Financial Protection Bureau announced that it is seeking public input on strengthening privacy protections and preventing harmful surveillance in digital payments, particularly those offered...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday December 11

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December 10, 2024 - The United States Department of the Treasury is announcing the disbursement of $20 billion for the benefit of Ukraine, as part of the $50 billion G7 Extraordinary Revenue Acceleration (ERA) Loans...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday November 20

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November 19, 2024 - The U.S. Department of the Treasury and the IRS released final regulations that will expand the reach of the Inflation Reduction Act by helping entities that co-own clean energy projects access clean...more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday November 4

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November 1, 2024 - U.S. House Committee on Small Business Chair Roger Williams (TX-25) released the staff report on the investigation in fraud in the U.S. Small Business Administration’s COVID Lending Programs....more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday October 14

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October 11, 2024 - The U.S. Department of the Treasury’s Community Development Financial Institutions Fund announced an agreement to issue three guarantees worth $498 million under the CDFI Bond Guarantee Program, the...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday September 26

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The U.S. House Committee on Financial Services Subcommittee on Financial Institutions and Monetary Policy held a hearing entitled “Regulatory Recipe for Economic Uncertainty: The Endless Basel Endgame and an Onslaught of...more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday August 12

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August 9, 2024 - The U.S. Department of the Treasury, Federal Reserve Board, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Securities and Exchange Commission, Commodity Futures Trading...more

Paul Hastings LLP

Daily Financial Regulation Update -- Saturday May 11, 2024

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May 10, 2024- The House Committee on Rules publicly noticed its intent to consider the Financial Innovation and Technology for the 21st Century (FIT21) Act, clearing a pathway for a floor vote later this month....more

A&O Shearman

UK Regulators Consult on Digital Securities Sandbox

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On April 3, 2024, the Bank of England and U.K. Financial Conduct Authority published a joint consultation paper on proposed rules for the incoming digital securities sandbox. The Financial Services and Markets Act 2023...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, March 14, 2024

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March 13, 2024- The U.S. House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion held a hearing entitled, "Bureaucratic Overreach or Consumer Protection? Examining the...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday, February 28, 2024

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February 27, 2024- U.S. House Committee on Financial Services Chair Patrick McHenry (NC-10) reintroduced the Financial Services Innovation Act. This legislation establishes federal regulatory "sandboxes" through Financial...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, February 8, 2024

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February 7, 2024- The U.S. Department of the Treasury published the 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing....more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, December 15 2023

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December 14, 2023 - FSOC Issues Annual Report- The Financial Stability Oversight Council released its 2023 annual report reviewing financial market developments, describing potential emerging threats to U.S. financial...more

Paul Hastings LLP

Daily Financial Regulation Update -- Saturday, November 18, 2023

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November 16, 2023- The Federal Deposit Insurance Corporation Board of Directors approved a final rule to implement a special assessment to recover the loss to the Deposit Insurance Fund (DIF) associated with protecting...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday, September 20, 2023

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September 19, 2023- The U.S. House Committee on Financial Services Subcommittee on Capital Markets held a hearing entitled, "Oversight of the SEC's Division of Investment Management."...more

A&O Shearman

USD LIBOR panel has ceased…what now?

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June 30th has passed and one-, three- and six-month USD LIBOR settings have ceased to be published. As confirmed by the FCA on 3 April 2023, the ICE Benchmark Administration (IBA) has begun publishing non-representative...more

Paul Hastings LLP

Daily Financial Regulation Update -- Saturday, April 22, 2023

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April 21, 2023- The Financial Stability Oversight Council (Council) voted unanimously to issue for public comment a proposed analytic framework for financial stability risks. The Council also voted unanimously to issue for...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, April 7, 2023

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April 6, 2023- The U.S. Department of the Treasury published the 2023 DeFi Illicit Finance Risk Assessment, the first illicit finance risk assessment conducted on decentralized finance in the world....more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, February 10, 2023

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February 9, 2023- The Federal Reserve Board released the hypothetical scenarios for its annual stress test. This year, 23 banks will be tested against a severe global recession with heightened stress in both commercial and...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, December 9, 2022

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December 8, 2022- U.S. Sen. Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, and U.S. Sen. Pat Toomey (R-PA), Ranking Member of the Senate Committee on Banking, Housing, and...more

Wilson Sonsini Goodrich & Rosati

Big Tech’s Competition Impacts on Payments and Retail Finance in Regulatory Spotlight

The UK Financial Conduct Authority (FCA) recently published a discussion paper (here) summarizing its preliminary findings on the potential competition impact of Big Tech entry into retail financial services. The FCA is now...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, December 1, 2022

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November 30, 2022- U.S. Sen. Sherrod Brown (D-OH), Chair of the Senate Banking, Housing, and Urban Affairs Committee, wrote to U.S. Treasury Secretary and Chair of the Financial Stability Oversight Committee (FSOC) Janet...more

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