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Global Financial Markets

Feb 27, 2020

The Board of Governors of the Federal Reserve System (Board) has finalized revisions to its approach for determining whether one company has control over another for purposes of the US Bank Holding Company Act of 1956 and the Home Owners’ Loan Act, as amended. While in many respects the revisions incorporate a...

Feb 20, 2020

The UK finally exited the EU on January 31… but what does that mean? What has been agreed upon, what will happen next and how will it work in practice? Mayer Brown partner Chris Chapman and counsel Chris Roberts discuss.

Feb 13, 2020

The Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) are proposing to make major changes to their decades-old Community Reinvestment Act (CRA) regulations, which could have significant consequences for many US banks. Mayer Brown partners Jeff Taft and Stephanie...

Feb 6, 2020

On October 8, 2019, the US Internal Revenue Service released proposed regulations addressing the US federal tax consequences of replacing an interbank offered rate (IBOR) with a successor rate. The proposed regulations generally provide the circumstances in which the replacement of an IBOR with a fallback rate, or...