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Financial Institutions Answer Book: Law, Governance, Compliance (2017 Edition)

Author(s): Stuart Stein, Richard A. Schaberg, Laura R. Biddle
Practice Area: Banking and finance, Corporate governance, Corporate law, Financial institutions, Regulation and compliance (Banking and finance)
Date: Jun 2017 i Other versions can be found in the Related Items tab.
ISBN: 9781402428555
PLI Item #: 205893

Financial Institutions Answer Book provides, in a handy Q&A format, a comprehensive overview of the complex federal requirements regulating financial institutions in the United States.

Every aspect of a financial institution life cycle is covered, from understanding the differences in regulation based on what type of charter is chosen, through ongoing capital and deposit activities requirements and major changes in corporate control, to the cessation of entity activity through merger, acquisition or entity failure.

Financial Institutions Answer Book describes the requirements under each type of charter for the major areas of financial institution activity, such as:

  • The creation of branch offices and deposit activity
  • Corporate governance
  • Executive compensation
  • Deposit insurance requirements
  • Insider and affiliate transactions
  • Anti-money laundering and U.S. trade sanctions
  • Examination and audit
  • Privacy and data security

Reflecting the increased federal concern with fraud, money laundering and protecting the federal taxpayer from bank defaults, individual chapters are devoted to describing in detail the federal enforcement agencies and their powers, anti-money laundering and other fraud issues, the required examinations and audit process, and recent regulatory approaches to problem banks and failure.

Published in a handy softcover volume, Financial Institutions Answer Book is a source for quick, concise answers and will be of interest to lawyers and other legal professionals, as well as financial institution managers, officers, directors and other employees who would like a comprehensive understanding of the legal framework regulating banks and other financial institutions.

Stuart Stein was previously the global co-head of the Hogan Lovells Corporate practice group. His practice primarily involves representing clients in a variety of corporate and securities matters, such as corporate governance (including proxy contests and other hostile stockholder matters), mergers and acquisitions, initial and follow-on public offerings, and other public and private financing transactions, as well as SEC and other governmental regulatory interactions. Stuart also advises clients on various legislative and government regulatory matters. Formerly qualified as a Certified Public Accountant (VA), Stuart brings a unique perspective to Board and company advice.

Stuart has served as lead counsel on some of the world's most complex M&A matters and largest security offerings. He also advises corporate directors in connection with governance and fiduciary responsibility issues, particularly as they arise in the context of activist and other shareholder strategies and relations. He assists boards of directors, directors' committees (both customary and special committees), and individual directors as they define and perform their obligations, and develop strategies for addressing hostile and other attempts to derail corporate business plans. He advises on director fiduciary duties, general obligations, and liabilities; corporate governance, compliance, and ethics; transactional considerations; and crisis management, special investigations, and events.

For more than 30 years, Rich has played a lead role for clients in connection with debt and equity offerings, M&A, corporate governance matters, proxy contests, securities law compliance, and exchange listing standards. Synthesizing his deep corporate transactional experience with an acute and seasoned knowledge of bank regulatory issues, he provides valued business solutions for regulated banking and financial services clients.

Rich practices before the Securities Exchange Commission (SEC), all federal banking agencies – including the OCC, Federal Reserve, FDIC, and NCUA – and most state banking agencies.

Laura Biddle’s practice focuses on the representation of banks, thrifts, credit unions, non-depository lenders and payment service providers as well as their holding companies, subsidiaries, affiliates and investors in connection with a broad range of regulatory and transactional matters.  She has significant regulatory experience with financial institution strategic planning, mergers and acquisitions, holding company formation and activities, charter selection, formation and conversion, controlling and non-controlling private equity investments, Volcker Rule restrictions, reorganization, recapitalization and acquisitions of troubled banks through the FDIC’s receivership process, and compliance with margin lending regulations.

Laura also has experience representing foreign banking organizations with respect to activities in the United States.  In addition, Laura’s experience includes representing financial institutions with respect to a wide range of supervisory-related issues including compliance with U.S. anti-money laundering laws, and compliance with federal consumer financial protection laws and state lender licensing laws.  Laura regularly advises clients on various legislative and regulatory proposals affecting financial institutions and non-depository lenders.

Hogan Lovells Publications
11 July 2013 "Federal banking agencies release Basel III capital final rules." Financial Institutions Group Alert, Hogan Lovells

02 January 2013 "Federal Reserve proposes enhanced prudential standards and early remediation requirements for foreign banking organizations." Financial Institutions Group Alert, Hogan Lovells

18 September 2012 "Shadow banking." Financial Institutions Group Alert, Hogan Lovells

27 August 2012 "Federal banking agencies announce likely delay of annual stress test for institutions with assets between $10 billion and $50 billion." Financial Institutions Group Alert, Hogan Lovells

23 July 2012 "Federal Reserve implements new optional pre-filing process for requesting guidance on acquisitions and other proposals." Financial Institutions Group Alert, Hogan Lovells

05 July 2012 "Office of the Comptroller of the Currency (OCC) releases lending limit rules." Financial Institutions Group Alert, Hogan Lovells

15 June 2012 "Federal banking regulators release Basel Capital proposals – implications for all banking organizations, not just larger banks." Financial Institutions Alert, Hogan Lovells

06 January 2012 "Recess appointment of CFPB Director — What you need to know now." Financial Institutions Group Alert, Hogan Lovells

22 December 2011 "Federal Reserve issues key Dodd-Frank NPR on enhanced supervision of systemically important financial companies." Financial Services Regulation Update, Hogan Lovells

17 October 2011 "Federal Financial Agencies Issue Volcker Rule Proposal." Financial Services Regulation Update, Hogan Lovells

17 May 2011 "Post-Dodd-Frank Preemption Standard Clarified." Financial Institutions Group Alert, Hogan Lovells

29 November 2010 "Federal Reserve issues proposed rule on Volcker Rule transition period." Financial Institutions Group Alert, Hogan Lovells

06 August 2010 "Impact of Dodd-Frank Wall Street Reform and Consumer Protection Act on Non-U.S. Companies." Financial Institutions Group Alert, Hogan Lovells

23 July 2010 "New Financial Reform Law Affects Education Community." Education Investors Alert, Hogan Lovells

20 July 2010 "Financial Services Reform Legislation Enacted." Financial Institutions Group Alert, Hogan Lovells

02 September 2009 "Federal Agencies Publish New Rules for Private Education Loans." Education Investors Update, Hogan & Hartson LLP

Published Works
2014 "Financial Institutions Answer Book 2014: Law - Governance - Compliance." Practising Law Institute

2013 "Financial Institutions Answer Book 2013: Law - Governance - Compliance." Practising Law Institute

2012 "Financial Institutions Answer Book 2012: Law - Governance - Compliance." Practising Law Institute



Financial Institutions Group




Financial Institutions



Banking and Finance Regulation


J.D., magna cum laude, The Catholic University of America, Columbus School of Law, 1996
B.B.A., The College of William and Mary, 1988

District of Columbia