SPOTLIGHT
REGULATION
READ
EBA Final Draft Regulatory Technical Standards relating to Risk Retention
On 12 April 2022 the European Banking Authority published final draft regulatory technical standards relating to risk retention pursuant to the EU Securitisation Regulation. The Final Draft will enter into force on the 20th day following its publication. It will replace the current technical standards under the EU Capital Requirements Regulation.
Landmark Decision from California’s Supreme Court Confirms Limitation on Ability to Assert Tort Claims Against Lenders
A recent, important decision from California’s Supreme Court clarifies lender liability in connection with servicing loans in default and limits a homeowner’s ability to assert tort claims against lenders and loan servicers.
Attorney General Garland Issues Memorandum on Freedom of Information Act Guidelines to Federal Departments and Agencies
On March 15, 2022, Attorney General Merrick B. Garland sent a memorandum to the heads of federal departments and agencies concerning Freedom of Information Act (“FOIA”) issues. In the memorandum, he urged departments and agencies to employ a “presumption of openness” in responding to FOIA requests.
US DOT Allocates $615 Million for EV Charging Station Networks
Allocations of $615 million in funds for electric vehicle (EV) infrastructure in the US under the National Electric Vehicle Infrastructure Formula Program moved forward with recent publications from the US Department of Transportation (DOT) – States have been given a deadline to apply for funding.
Patent Act Must Be Updated To Protect Quantum, AI Industries
Patent Act Must Be Updated To Protect Quantum, AI Industries.
US FTC/DOJ Launch Process to Potentially Rewrite Merger Guidelines
The Federal Trade Commission (FTC) and the Department of Justice’s (DOJ) Antitrust Division announced this Tuesday, January 18, 2022, that they are seeking public comment on revising their merger guidelines.
The Rising Standards of AML/CFT Compliance in Hong Kong
Hong Kong lawyers Susanne Harris, Wei Na Sim, Alan Linning and Charlene Wong discuss key developments in the AML/CFT space in Hong Kong in 2021 in this bylined article.
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.
TAKE PART
Antitrust Evolution: Big Changes in Global Antitrust Law and its Potential Impact on Financial Institutions
Please join us for the second webinar in our Banking & Financial Services Litigation series. This session will focus on recent changes in antitrust regulation/enforcement in the US, Brazil, Europe and the UK that may impact financial institutions.
Key Cum-Ex Issues: An Update on Significant Developments
The session will outline recent developments, an update on new tax and other investigations, and follow-on litigation. It will explain why you should prepare for this second wave of activity and will provide practical guidance on investigating a cum-ex exposure.
Merging with a SPAC & Preparing for Life as a Public Company
Join PwC and Mayer Brown as we discuss the main elements of the public company preparedness process and how these might be coordinated or timed in conjunction with a de-SPAC process.
Special Purpose Acquisition Companies Under SEC Scrutiny: Mitigating Potential Liability for Offering Participants
Please join us for the third webinar in our Banking & Financial Services Litigation webinar series.
WATCH
Global Banks on Trial US Prosecutions and the Remaking of International Finance
A conversation with Professor Pierre-Hugues Verdier of the University of Virginia School of Law, and author of the book, Global Banks on Trial: US Prosecutions and the Remaking of International Finance.
The Department of Justice (DOJ) announced significant changes to its corporate enforcement policies
The Department of Justice policy changes coincide with their public statements regarding increased investigative and prosecutorial focus on efforts to combat corporate crimes. In this week’s episode, Mayer Brown partners Matt Kluchenek and Glen Kopp provide background on and highlight the elements of the policy changes.
Joint vs. Parallel Investigations
At the Crossroads: CFTC and DOJ Enforcement is a video weekly series hosted by Mayer Brown partners Matt Kluchenek and Glen Kopp. In this episode, Matt and Glen discuss a recent decision and explore the differences between “joint” vs. “parallel” investigations and the implications for defendants and their employers, as well as for the agencies.
Insider Trading in the Commodities/Derivatives Markets
Welcome to At the Crossroads: CFTC and DOJ Enforcement, a new video weekly series hosted by Mayer Brown partners Matt Kluchenek and Glen Kopp. Insider trading is the focus of episode one.
Implications of the UK National Security and Investment Bill for the Oil & Gas Sector
In November we wrote about the UK’s National Security and Investment Bill, which promises to give rise to the most significant changes to the treatment of mergers and acquisitions in the UK for many years. In January, we discussed the Bill at more length at the Mayer Brown Oil & Gas Lawyers’ Forum and considered the ways in which this may impact all parties involved in M&A in the Oil & Gas sector. A recording of our presentation is available below.
Ten Questions That the SEC Commissioners’ Internal “Accounting” Controls Dissent Raises for Global Companies
Mayer Brown LLP proudly announces the launch of our latest IBOR transition resource: an IBOR Transition Readiness Survey (“The Survey”), jointly developed and presented by Mayer Brown and Morae to help organizations address the complex and imminent issue of IBOR transition.
The Future UK/EU Relationship: Key Issues for Businesses
With only a few weeks to go until the end of the Brexit transition period, you are invited to join us for a live, case study-based webinar outlining key implications of the end of the transitional regime for companies doing business in, or with parties in, the United Kingdom from 1 January 2021.
New UK law toughens stance on foreign investment
David Harrison comments on the UK National Security and Investment Bill.
LISTEN
What Changed? Understanding the FDIC’s Revisions to the Brokered Deposits Restrictions
Anna Pinedo, Jeff Taft and Matt Bisanz from Mayer Brown discuss how the revisions affect banks and deposit brokers and what the industry needs to know in advance of the January 1, 2022, compliance date.
