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Understanding and Applying the Federal Reserve's New Holding Company Act Control Rules

Speaker(s): Charles M. Horn, Donald S. Waack
Recorded on: Apr. 24, 2020
PLI Program #: 298716

Donald S. Waack counsels globally active financial services firms on their most challenging regulatory, transactional, and enforcement matters. He devotes the majority of his practice to advising banks, bank holding companies, and other financial institutions on complex strategic and regulatory matters, including regulatory control determinations; investment authority issues and activities restrictions; fund formation; fintech partnerships and investments; regulatory capital; affiliate transactions; vendor management issues; and proprietary trading and private fund restrictions arising under the Volcker Rule. He is regarded as having a “strong reputation in the market across a range of … Dodd-Frank compliance work, as well as [on] M&A activity.” (The Legal 500 US, 2019)

Don assists financial services clients with structuring significant investments and provides strategic advice and regulatory support for mergers and acquisitions and other complex transactions. He also counsels hedge funds, private equity funds, and other firms regarding investments in the commercial banking sector and transactions with banks and other regulated counterparties. In connection with his regulatory counseling practice, Don works frequently with the staffs of the major federal and state bank regulatory agencies.

Don also advises domestic and non-US financial services firms in connection with sensitive internal investigations and similar matters. He counsels financial services clients on internal regulatory compliance reviews and has represented clients in connection with a broad range of regulatory inquiries and investigations, including federal and state enforcement matters.

Before joining Morgan Lewis, Don was a partner at another global law firm.

Charles M. Horn counsels US and international banks and other financial institutions on corporate, regulatory, supervisory, enforcement, and compliance matters before all major federal and state financial regulatory agencies. He advises clients on major federal financial services statutes and regulations, as well as on US and international financial reform developments. Charles also counsels banks and other financial services firms on issues affecting their governance, structure, management, and operations.

Charles represents clients before the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board of Governors, and the Consumer Financial Protection Bureau (CFPB), among other agencies.

He also counsels clients on financial institutions laws that include the National Bank Act, the Bank Holding Company Act, the Federal Reserve Act, the Federal Deposit Insurance Act, the International Banking Act, and the Dodd–Frank Wall Street Reform and Consumer Protection Act. Additionally, he guides clients on global regulatory capital requirements and key state banking law requirements.

Clients seek Charles’s advice on matters relating to their corporate, institutional, and retail business activities, as well as their asset management, fiduciary, and asset administration products and services. He has experience developing new capital markets, treasury and cash management, asset and wealth management, asset allocation, and other financial products and services.

He also assists financial services clients throughout the banking, securities, and insurance sectors on corporate and business expansion matters. These include mergers and acquisitions, business integrations, strategic alliances, and third–party vendor relationships. Charles represents financial institutions in regulatory enforcement and compliance matters before federal and state financial institutions regulatory agencies.

Before joining Morgan Lewis, Charles was a partner in the financial services practice of another international law firm. Prior to entering private practice, he held several positions in the Securities and Corporate Practices Division of the OCC and with the US Securities and Exchange Commission (SEC).