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Finance & Banking Tax

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Orrick, Herrington & Sutcliffe LLP

CFPB Adopts ‘Humility Pledge’ for Examinations, Says 2026 Examination Cycle is ‘Fundamentally Different’ From Prior Ones

On November 21, the CFPB’s Supervision Division announced changes to its supervision examination process, introducing a new “Humility Pledge” to be read by examiners at the start of each exam. The Bureau stated the pledge...more

Thomas Fox - Compliance Evangelist

Sunday Book Review: December 7, 2025, The Best Books on History Edition

In the Sunday Book Review, Tom Fox considers books that would interest the compliance professional, the business executive, or anyone curious. It could be books about business, compliance, history, leadership, current events,...more

Orrick, Herrington & Sutcliffe LLP

Fed Report Details Bank Conditions and Supervisory Findings for First Half of 2025

The Fed recently published its semiannual Supervision and Regulation Report on supervisory and regulatory actions, as well as current banking conditions. The report found that, in the first half of 2025, most banking...more

Orrick, Herrington & Sutcliffe LLP

OCC Maintains Reduced Assessment Rates and Keeps Special Exams Unchanged for 2026

On December 1, the OCC announced its fee and assessment structure for 2026, maintaining the reduced rates implemented in September for banks and keeping the hourly fee for special examinations and investigations unchanged....more

Orrick, Herrington & Sutcliffe LLP

Congressional Research Service Details Potential Impacts of National Flood Insurance Program Lapse

On December 2, the Congressional Research Service updated its overview of potential consequences if the National Flood Insurance Program (NFIP) is not reauthorized by January 30, 2026. The NFIP, which is the primary source of...more

K&L Gates LLP

SEC No Longer a "Referee" in the Shareholder Proposal Process

K&L Gates LLP on

On 17 November 2025, the Division of Corporation Finance (the Division) of the US Securities and Exchange Commission (the SEC) issued a statement announcing that it will not respond to or express views on most no-action...more

BakerHostetler

Weekly Blockchain Blog - December 2025

BakerHostetler on

Crypto Firms Announce New Licenses, Products; USDT Stability Rating Lowered - On Nov. 25, MoonPay, a crypto payments company, announced that its newly established trust company obtained a trust charter from the New York...more

Orrick, Herrington & Sutcliffe LLP

Congressional Research Service Examines Treasury Market Vulnerabilities and Policy Options

On November 21, the Congressional Research Service released a report reviewing possible disruptions in the U.S. Treasury securities market and outlining policy options. The nearly $30 trillion Treasury market is critical for...more

Orrick, Herrington & Sutcliffe LLP

Orrick State Attorney General Update | December 2025

State AGs are increasingly shaping the regulatory environment for companies operating in tech, finance, healthcare, retail and beyond. Their initiatives—often bipartisan and coordinated across multiple states—can trigger...more

Alston & Bird

The Latest on Crypto Regulation: SEC Priorities and Congressional Market Structure Bills

Alston & Bird on

Our Securities Litigation and White Collar, Government & Internal Investigations Teams outline how Congress’s market structure proposals and the Securities and Exchange Commission’s (SEC) emerging token classification...more

Akin Gump Strauss Hauer & Feld LLP

SEC Extends Compliance Date for Short Sale Reporting Rule to 2028

On December 3, 2025, the Securities and Exchange Commission (the “SEC”) announced that it was providing a second temporary exemption from compliance with Rule 13f-2, the short sale reporting rule, and related Form SHO and...more

Akin Gump Strauss Hauer & Feld LLP

CFTC Announces Changes to Rules Governing Enforcement Investigations and Settlement Recommendations

On December 1, 2025, the Commodity Futures Trading Commission (CFTC) announced amendments to its rules of practice and rules governing investigations, with the stated goal of enhancing transparency, fairness and due process....more

Paul Hastings LLP

UK Equity Capital Markets Insights — December 2025

Paul Hastings LLP on

On 13 November, the UK Financial Reporting Council (FRC) published its Annual Review of Corporate Governance Reporting (the Review), setting out key findings from an analysis of a sample of 100 randomly selected companies...more

Hinshaw & Culbertson - Consumer Crossroads

No Note? No Problem: Rhode Island Supreme Court Decides that Mortgagees Can Foreclose Without One

The Rhode Island Supreme Court has strengthened the hand of foreclosing mortgage lenders who do not possess the original promissory note. Before the Court’s recent decision in Porch Swing Holdings, LLC v. Wayne A. Mallory,...more

Skadden, Arps, Slate, Meagher & Flom LLP

Changes to CFTC Enforcement Process Will Expand Targets’ Rights

On December 1, 2025, the Commodity Futures Trading Commission (CFTC) announced revisions to its Rules of Practice and Rules Relating to Investigations to promote transparency and ensure due process in the commission’s...more

Ropes & Gray LLP

Alt-Retail Partnerships – What Are They and Why Are They Popular?

Ropes & Gray LLP on

Alt-retail partnerships, which see alternative asset managers and retail asset managers coming together to offer retail investors exposure to alternative strategies, are increasingly in demand....more

Orrick, Herrington & Sutcliffe LLP

House Financial Services Committee reviews priorities and reforms of prudential regulators

On December 2, the House Financial Services Committee conducted an oversight hearing with testimony from leaders from the FDIC, OCC, Fed and NCUA. Lawmakers and regulators discussed recent efforts to tailor regulatory...more

Orrick, Herrington & Sutcliffe LLP

CFPB publishes annual report on FDCPA findings from 2024

On November 21, the CFPB released its annual report detailing its activities to administer the FDCPA, and summarizing trends in consumer complaints the Bureau received in 2024. The report also detailed actions by the FTC...more

Orrick, Herrington & Sutcliffe LLP

Fed vice chair highlights AI’s economic potential and financial stability risks

On November 21, Fed Vice Chair Philip Jefferson addressed the Cleveland Fed’s Financial Stability Conference, focusing on the rapid adoption of AI and its implications for the economy, financial stability, and regulatory...more

Conyers

An Introduction to Reinsurance Financing

Conyers on

In this first of a series of pieces on reinsurance financing we break down the key components involved in financing transactions for Cayman Islands reinsurance companies....more

Bradley Arant Boult Cummings LLP

SEC Settles with Broker-Dealer for Policy and Procedure Violations But Walks Away From Fraud Claims

On December 2, 2025, the U.S. District Court for the Southern District of New York approved a settlement between the U.S. Securities and Exchange Commission (SEC) and a broker-dealer for policy and procedure violations and a...more

Jones Day

Latest Developments on the EU Taxonomy Regulation

Jones Day on

Simplification of the EU Taxonomy Rules - Since 2020, European Regulation 2020/852 on the establishment of a framework to facilitate sustainable investment (the EU "Taxonomy Regulation") established a classification of...more

Skadden, Arps, Slate, Meagher & Flom LLP

London Stock Exchange Sets Out Reforms to AIM Rules

On 21 November 2025, the LSE published Feedback Statement: Shaping the Future of AIM, which summarises the feedback received on its April 2025 Discussion Paper proposing reforms to the AIM Rules....more

Patterson Belknap Webb & Tyler LLP

SEC Division of Examinations Announces 2026 Priorities

On November 17, 2025, the Securities and Exchange Commission (“SEC”)’s Division of Examinations (the “Division”) released its 2026 examination priorities that highlight examination topics that the Division plans to focus on...more

Alston & Bird

NFA Reminder: Annual Affirmation Required for Key Exemptions Under CFTC Rules 4.13 and 4.14

Alston & Bird on

Managers relying on exemptions under Commodity Futures Trading Commission (CFTC) Rules 4.13, 4.14, and 4.5 must complete their required annual affirmation within 60 days of year-end. Our Investment Funds Team highlights key...more

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