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On September 8, 2022, the Board of Governors of the Federal Reserve System released a statement that encourages whistleblowers to report certain activities at banking organizations it regulates . The 2022 Guidance is notable as one of the first interpretations by a federal banking regulator of the whistleblower provisions of the Federal Deposit Insurance Act.
ESG issues have increasingly become a priority of publicly traded and privately held companies. Major chemicals companies have leaned into ESG by setting ambitious, long-term goals to improve their ESG performance and being increasingly transparent about their progress toward achieving these goals.
President Biden Signs Executive Order on U.S. Intelligence Activities to Implement EU-U.S. Data Privacy Framework
On October 7, 2022, President Biden signed an Executive Order on Enhancing Safeguards for United States Signals Intelligence Activities,1 which is intended to implement U.S. commitments under the Trans-Atlantic Data Privacy Framework (DPF) announced in March 2022. With the new executive order, the Biden administration aims to strengthen the legal foundation for trans-Atlantic data flows following the 2020 Schrems II decision.
On 19 July 2022, the Federal Reserve Board (the “Board”) published a notice of proposed rulemaking – Regulation Implementing the Adjustable Interest Rate (LIBOR) Act, as it was required to do by Section 110 of the Adjustable Interest Rate (LIBOR) Act (the “LIBOR Act”), which was signed into law on 15 March 2022.
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