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Financial Institutions Answer Book: Law, Governance, Compliance (2016 Edition)

Author(s): Stuart Stein, Richard A. Schaberg, Laura R. Biddle
Practice Area: Banking and finance, Corporate governance, Corporate law, Financial institutions, Financial products, Investment fund management, Regulation and compliance (Banking and finance), Securities and other financial products
Date: Jun 2016 i Other versions can be found in the Related Items tab.
ISBN: 9781402426292
PLI Item #: 170232

Financial Institutions Answer Book provides, in a 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 the type of charter 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 regulatory approaches to problem banks and failure.


This book will be of interest to lawyers, financial institution managers, officers, directors and others seeking quick answers to questions regarding the regulation of 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.