Montana, Tennessee or ____________?: Which State Will Pass the Next Privacy Law?
Privacy World 04/24/2023
As U.S. privacy pros know, the past few years have seen many state privacy bills proposed but, as of January 1st, only five states had comprehensive privacy laws in effect. So far in 2023, Iowa approved its “Act relating to consumer data protection…
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FDIC Vice Chairman Cautions Against New Regulation as a Response to Recent Bank Failures
Lexology 04/20/2023
On April 12, 2023, Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill delivered a speech at the Bipartisan Policy Center, “Recent Bank Failures and the Path Ahead.” In it, he addressed key themes and takeaways from the March 2023 bank failures…
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Investors to Hold US Banks, Insurers to Account on Climate
Regulation Asia 04/24/2023
Investors have filed 21 climate-related shareholder resolutions with major US banks and insurers calling for measures including the adoption of science-based targets, a phase-out of lending and underwriting to companies involved in new fossil fuel…
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US Regulatory Pendulum Swing Towards Non-Bank SIFIs Is Credit Neutral
Fitch Ratings 04/24/2023
Fitch Ratings-London/New York-24 April 2023: Two recent proposals by the Financial Stability Oversight Council (FSOC) to establish a financial stability risk framework and to facilitate the designation of non-bank financial companies…
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Extending Dual Class Stock: A Proposal
Harvard 04/24/2023
Dual class stock has become common and ubiquitous in U.S. capital markets. Dual class structures, which have evolved over the last decade, now often include a variety of sunset mechanisms. These come in various flavors, including term-based sunsets…
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