Month: November 2021

Breach Notification Requirement Finalized by US Banking Regulators

On November 18, 2021, the Board of Governors of the Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation finalized new cyber incident notification requirements for institutions that they regulate and their service providers. The Notification Rule expands and clarifies existing notification obligations of financial institutions, which are primarily focused on consumer protection and suspicious activity reporting.

TCFD: Preparing for Mandatory Reporting

Many UK companies will soon be mandated to make TCFD-aligned disclosures. This follows the Financial Conduct Authority’s (FCA) introduction of the Listing Rules (Disclosure of Climate-Related Financial Information) Instrument in December 2020, which requires companies with a UK premium listing to disclose on a comply-or-explain basis against the Task Force on Climate-related Financial Disclosures (TCFD) recommendations in their annual reports.

An Insider’s View: Can the Minority Effectively Conduct Oversight Investigations? (with Special Guest Jessica Donlon)

Quick Insights on Congressional Investigations is a series hosted by Mayer Brown partners Michael Levy and Andrew Olmem, who unpack the nuanced complexities underlying congressional investigations and provide guidance on how companies can manage and minimize the impacts. Each episode is short and tackles one question relating to congressional investigations.