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21943 News Results

The SEC approved rule changes by the Fixed Income Clearing Corporation ("FICC") to address constraints that registered investment companies face in accessing the FICC's clearing services, including double margining issues, capital requirements associated with sponsoring member guarantees, and operational constraints on settlement payments.

Tim Byrne Commentary by Tim Byrne

In an amicus brief before the Tenth Circuit Court of Appeals, the OCC urged the full court to reconsider their decision to allow Colorado to impose an interest rate cap on an out-of-state bank making loans to in state residents. The OCC argued the decision undermines federal interest rate preemption for state-chartered banks.

Thomas Delaney Commentary by Thomas Delaney

The Federal Reserve (i) rescinded a 2023 policy statement on supervisory expectations related to “novel and unprecedented” activities, (ii) withdrew Supplementary Information on specific crypto-asset activities, and (iii) issued a new statement "designed to facilitate innovation by state member banks in a manner that is consistent with bank safety and soundness."