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Banking Law Institute 2021
Chair(s):
Anna M. Harrington, Curtis K. Tao
Practice Area:
Banking and finance,
Corporate finance,
Financial institutions,
Regulation and compliance (Banking and finance)
Published:
Nov 2021
i
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ISBN:
9781402440137
PLI Item #:
306510
CHB Spine #:
B2683
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Table of Contents
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Front Matter
Faculty Bios
Table of Contents
Chapter 1. Michael Hsu, Acting Comptroller of the Currency, Office of the Comptroller of the Currency, Cryptocurrencies, Decentralized Finance, and Key Lessons from the 2008 Financial Crisis, Remarks at the Blockchain Association (September 21, 2021)
Chapter 2. Executive Office of the President of the United States, Exec. Order No. 14036, Promoting Competition in the American Economy (July 9, 2021)
Chapter 3. Executive Office of the President of the United States, Exec. Order No. 14030, Climate-Related Financial Risk (May 20, 2021)
Chapter 4. Board of Governors of the Federal Reserve System, Press Release, Federal Reserve Chair Jerome H. Powell Outlines the Federal Reserve’s Response to Technological Advances Driving Rapid Change in the Global Payments Landscape (May 20, 2021)
Chapter 5. Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation (FDIC), The Dodd-Frank Act Post COVID-19 and the Future of Financial Regulation, Remarks at the Federalist Society Conference (May 11, 2021)
Chapter 6. Board of Governors of the Federal Reserve System, Statement by Governor Lael Brainard on the Financial Stability Report (May 6, 2021)
Chapter 7. Lael Brainard, Member, Board of Governors of the Federal Reserve System, Some Preliminary Financial Stability Lessons from the COVID-19 Shock, Remarks at the 2021 Annual Washington Conference Institute of International Bankers (via Webcast) (March 1, 2021)
Chapter 8. Board of Governors of the Federal Reserve System, Financial Stability Report (November 2020)
Chapter 9. Randal K. Quarles, Vice Chair for Supervision, Board of Governors of the Federal Reserve System, What Happened? What Have We Learned from It? Lessons from COVID-19 Stress on the Financial System, Remarks at The Institute of International Finance, Washington, D.C. (via Webcast) (October 15, 2020)
Chapter 10. Michael J. Hsu, Acting Comptroller of the Currency, Office of the Comptroller of the Currency, Statement Required by 12 U.S.C. § 250 before the Committee on Banking, Housing, and Urban Affairs, United States Senate (August 3, 2021)
Chapter 11. Office of the Comptroller of the Currency, News Release 2021-76, OCC Statement on Rescinding Its 2020 Community Reinvestment Act Rule (July 20, 2021)
Chapter 12. Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency, Joint Press Release, Interagency Statement on Community Reinvestment Act Joint Agency Action (July 20, 2021)
Chapter 13. 135 Stat. 296, Public Law 117-24, S.J. Res. 15 Joint Resolution of 117th Congress (June 30, 2021)
Chapter 14. Office of the Comptroller of the Currency, News Release 2021-69, Acting Comptroller Statement on the Vote to Overturn OCC True Lender Rule (June 24, 2021)
Chapter 15. Board of Governors of the Federal Reserve System, Press Release, Federal Reserve Board Releases Results of Annual Bank Stress Tests, Which Show That Large Banks Continue to Have Strong Capital Levels and Could Continue Lending to Households and Businesses During a Severe Recession (June 24, 2021)
Chapter 16. Randal K. Quarles, Vice Chair for Supervision, Board of Governors of the Federal Reserve System, Jet Flight, Mail Bags, and Banking Regulation, Remarks at The Prudential Regulation Conference (via Webcast) (June 3, 2021)
Chapter 17. Sullivan & Cromwell LLP, Memorandum, Federal Reserve Consideration of Bank Merger Proposals (May 15, 2021)
Chapter 18. Board of Governors of the Federal Reserve System, Press Release, Statement on PNC/BBVA Application by Vice Chair for Supervision Quarles (May 14, 2021)
Chapter 19. Board of Governors of the Federal Reserve System, Press Release, Statement on PNC/BBVA Application by Governor Lael Brainard (May 14, 2021)
Chapter 20. Executive Office of the President of the United States, Statement of Administration Policy, S.J. Res. 15 (May 11, 2021)
Chapter 21. Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation, Statement at the Financial Stability Oversight Council Meeting (March 31, 2021)
Chapter 22. Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, Including Machine Learning, 86 Fed. Reg. 16837, No. 60 (March 31, 2021)
Chapter 23. Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office of the Comptroller of the Currency, Joint Press Release, Agencies Seek Wide Range of Views on Financial Institutions’ Use of Artificial Intelligence (March 29, 2021)
Chapter 24. Board of Governors of the Federal Reserve System, Press Release, Federal Reserve Announces Temporary and Additional Restrictions on Bank Holding Company Dividends and Share Repurchases Currently in Place Will End for Most Firms after June 30, Based on Results from Upcoming Stress Test (March 25, 2021)
Chapter 25. Lael Brainard, Member, Board of Governors of the Federal Reserve System, Financial Stability Implications of Climate Change, Remarks at the “Transform Tomorrow Today” Ceres 2021 Conference, Boston, MA (via Webcast) (March 23, 2021)
Chapter 26. Board of Governors of the Federal Reserve System, Press Release, Federal Reserve Board Announces That the Temporary Change to Its Supplementary Leverage Ratio (SLR) for Bank Holding Companies Will Expire as Scheduled on March 31 (March 19, 2021)
Chapter 27. Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency, Joint Press Release, Temporary Supplementary Leverage Ratio Changes to Expire as Scheduled (March 19, 2021)
Chapter 28. Elizabeth Warren and Sherrod Brown, United States Senate, Letter to the Hon. Jerome Powell, Chairman, Board of Governors of the Federal Reserve System, the Hon. Blake Paulson, Acting Comptroller of the Currency, Office of the Comptroller of the Currency, the Hon. Randal K. Quarles, Vice Chairman for Supervision, Board of Governors of the Federal Reserve System, and the Hon. Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation (February 26, 2021)
Chapter 29. Maxine Waters, Chairwoman, United States House of Representatives, Committee on Financial Services, Letter to President-Elect Joseph Biden (December 4, 2020)
Chapter 30. New York State Department of Financial Services, To the Chief Executive Officers or the Equivalents of New York State Regulated Banking Institutions and Regulated Non-Depository Financial Institutions, Re: Diversity, Equity and Inclusion and Corporate Governance (July 29, 2021)
Chapter 31. International Bank General Counsel Letter, Re: Diversity: An Open Letter to the Global Legal Community (September 30, 2020)
Chapter 32. Randal K. Quarles, Chair, Financial Stability Board, and Vice Chair for Supervision, Board of Governors of the Federal Reserve System, Disclosures and Data: Building Strong Foundations for Addressing Climate-Related Financial Risks, Remarks at The Venice International Conference on Climate Change, Venice, Italy (July 11, 2021)
Chapter 33. Board of Governors of the Federal Reserve System, Supervisory Policy and Guidance Topics, Foreign Banking Organization (FBO) Supervision and Regulation (Updated May 14, 2021)
Chapter 34. Michael S. Gibson, Director, Board of Governors of the Federal Reserve System, Letter SR 20-30 (Revised), To the Officer in Charge of Supervision at Each Federal Reserve Bank, Re: Financial Institutions Subject to the LISCC Supervisory Program (Revised March 31, 2021)
Chapter 35. Federal Reserve Board, Press Release, Federal Reserve Publishes Latest Version of Its Supervision and Regulation Report (November 6, 2020)
Chapter 36. Press Release, IIB Statement on the Federal Reserve’s Announcement re: the LISCC Portfolio (March 6, 2020)
Chapter 37. Cleary Gottlieb, Alert Memorandum, The Next Frontier: Fed Vice Chair Quarles’ Proposals to Reform Banking Supervision (January 21, 2020)
Chapter 38. Federal Reserve Board, Press Release, Statement on Proposals to Modify Enhanced Prudential Standards for Foreign Banks and to Modify Resolution Plan Requirements for Domestic and Foreign Banks by Governor Lael Brainard (April 8, 2019)
Chapter 39. Derek M. Bush, A Dramatic Departure? National Treatment of Foreign Banks, The Clearing House (April 1, 2015)
Chapter 40. Daniel K. Tarullo, Member, Board of Governors of the Federal Reserve System, Speech, Regulation of Foreign Banking Organizations, Speech to the Yale School of Management Leaders Forum, New Haven, CT (November 28, 2012)
Chapter 41. Linda S. Goldberg and David R. Skeie, Federal Reserve Bank of New York, Why Did U.S. Branches of Foreign Banks Borrow at the Discount Window during the Crisis?, Liberty Street Economics (April 13, 2011)
Chapter 42. Office of the Comptroller of the Currency, National Risk Committee, Semiannual Risk Perspective (Spring 2021)
Chapter 43. Board of Governors of the Federal Reserve System, Supervision and Regulation Report (April 2021)
Chapter 44. Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency, Joint Release, Statement on LIBOR Transition (November 30, 2020)
Chapter 45. Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency, Joint Release, Statement on the Use of Capital and Liquidity Buffers (March 17, 2020)
Chapter 46. United States Committee on Banking, Housing, and Urban Affairs, Press Release, Brown Presses CFPB to Address Risks to Consumers from Fintechs Like Chime (July 27, 2021)
Chapter 47. Michael J. Hsu, Acting Comptroller of the Currency, Office of the Comptroller of the Currency, Remarks on the Promise of Project REACh (July 15, 2021)
Chapter 48. Bureau of Consumer Financial Protection, Equal Credit Opportunity (Regulation B); Discrimination on the Bases of Sexual Orientation and Gender Identity, 12 CFR Part 1002, 86 Fed. Reg. 14363, No. 49 (March 16, 2021)
Chapter 49. Consumer Financial Protection Bureau, Press Release, Consumer Financial Protection Bureau Rescinds Abusiveness Policy Statement to Better Protect Consumers (March 11, 2021)
Chapter 50. Consumer Financial Protection Bureau, Press Release, CFPB Clarifies That Discrimination by Lenders on the Basis of Sexual Orientation and Gender Identity Is Illegal (March 9, 2021)
Chapter 51. David Uejio, Acting Director, Bureau of Consumer Financial Protection, Statement of Policy Regarding Prohibition on Abusive Acts or Practices; Rescission, 12 CFR Chapter X (March 8, 2021)
Chapter 52. Lael Brainard, Member, Board of Governors of the Federal Reserve System, FinTech and the Search for Full Stack Financial Inclusion, Remarks at the FinTech, Financial Inclusion—and the Potential to Transform Financial Services Hosted by the Federal Reserve Bank of Boston and the Aspen Institute Financial Security Program, Boston, MA (October 17, 2018)
Chapter 53. Governor Christopher J. Waller, Member, Board of Governors of the Federal Reserve System, CBDC: A Solution in Search of a Problem?, Speech at the American Enterprise Institute, Washington, D.C. (August 5, 2021)
Chapter 54. Elizabeth Warren, United States Senator, Letter to the Honorable Janet Yellen, Secretary, United States Department of Treasury (July 26, 2021)
Chapter 55. Elizabeth Warren, United States Senator, Letter to Gary Gensler, Chairman, U.S. Securities and Exchange Commission (July 7, 2021)
Chapter 56. Bank for International Settlements, Press Release, Basel Committee Consults on Prudential Treatment of Cryptoasset Exposures (June 10, 2021)
Chapter 57. Lael Brainard, Member, Board of Governors of the Federal Reserve System, Private Money and Central Bank Money as Payments Go Digital: An Update on CBDCs, Remarks at the Consensus by CoinDesk 2021 Conference, Washington, D.C. (May 24, 2021)
Chapter 58. United States Senate Committee on Banking, Housing, and Urban Affairs, Letter to Michael Hsu, Acting Comptroller, Office of the Comptroller of the Currency (May 19, 2021)
Chapter 59. Federal Deposit Insurance Corporation, Press Release, FDIC Issues Request for Information on Digital Assets (May 17, 2021)
Chapter 60. James P. Sheesley, Assistant Executive Secretary, Federal Deposit Insurance Corporation, RIN 3064-ZA25, Request for Information and Comment on Digital Assets (May 17, 2021)
Chapter 61. Board of Governors of the Federal Reserve System, Docket No. OP-1747, Proposed Guidelines for Evaluating Account and Services Requests (May 10, 2021)
Chapter 62. Board of Governors of the Federal Reserve System, Press Release, Federal Reserve Board Invites Public Comment on Proposed Guidelines to Evaluate Requests for Accounts and Payment Services at Federal Reserve Banks (May 5, 2021)
Chapter 63. Office of the Comptroller of the Currency, News Release 2021-2, Federally Chartered Banks and Thrifts May Participate in Independent Node Verification Networks and Use Stablecoins for Payment Activities (January 4, 2021)
Chapter 64. Jonathan V. Gould, Senior Deputy Comptroller & Chief Counsel, Office of the Comptroller of the Currency, Interpretive Letter 1174, OCC Chief Counsel’s Interpretation on National Bank and Federal Savings Association Authority to Use Independent Node Verification Networks and Stablecoins for Payment Activities (January 4, 2021)
Chapter 65. Bank Policy Institute, Beware the Kraken (October 21, 2020)
Chapter 66. Office of the Comptroller of the Currency, News Release 2020-98, Federally Chartered Banks and Thrifts May Provide Custody Services for Crypto Assets (July 22, 2020)
Chapter 67. Jonathan V. Gould, Senior Deputy Comptroller & Chief Counsel, Office of the Comptroller of the Currency, Interpretive Letter 1170, Re: Authority of a National Bank to Provide Cryptocurrency Custody Services for Customers (July 22, 2020)
Index
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