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Financial Institutions Answer Book: Law, Governance, Compliance (2021 Edition)

Author(s): Richard A. Schaberg, Sara Lenet
Practice Area: Banking and finance, Corporate law, Financial institutions, Mergers and acquisitions, Regulation and compliance (Banking and finance), Regulation and compliance (Corporate law), Regulation and compliance (Securities and other financial products), Securities and other financial products
Date: Nov 2020 i Other versions can be found in the Related Items tab.
ISBN: 9781402435799
PLI Item #: 293633

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.

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.

Sara C. Lenet is counsel at Hogan Lovells US LLP and focuses on the representation of banks, thrifts, non-bank lenders, and other financial services companies, as well as their holding companies, subsidiaries, affiliates, and investors, in connection with a broad range of regulatory and transactional matters. She has significant experience with advisĀ­ing on permissible activities and products for financial institutions, controlling and non-controlling equity investments by or into financial institutions, mergers and acquisitions and associated regulatory approvals, charter selection and conversions, affiliate transactions, Volcker Rule compliance, and strategic partnerships. Ms. Lenet reĀ­ceived her A.B. from Cornell University and her J.D. from William & Mary Law School.