The US Department of Justice made several recent announcements expanding on its expectations for corporate compliance programs and unveiling new guidance on executive compensation structures, consequence management and business communications and ephemeral messaging.
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Bank Turmoil Brings Increased Risk of Litigation and Investigations
By Hunton Andrews Kurth LLP on
Posted in Regulatory
Hunton Andrews Kurth LLP continues to assist clients and monitor developments in the financial markets arising from the liquidity challenges and market volatility currently facing the banking industry. Late Tuesday brought the first inevitable wave of lawsuits and government investigations. There will be many more in the days ahead.
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Bank Term Funding Program: Understanding Borrowing from the Federal Reserve Bank
By Hunton Andrews Kurth LLP on
Posted in Regulatory
In its ongoing efforts to stabilize the banking system, the Federal Reserve announced the creation of the new Bank Term Fund Program (“BTFP”). The Federal Reserve established the BTFP to make available additional funding to eligible depository institutions in order to help ensure that banks have the ability to meet the needs of all their depositors.
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What You Need to Know: Historically Large Bank Closures Resulting in Unprecedented Actions Taken by Regulators
By Hunton Andrews Kurth LLP on
Posted in Regulatory
We have linked three client alerts that highlight the key events that occurred over this past weekend in the wake of the failure of Silicon Valley Bank.
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Nine Legal Questions You Might Encounter While Doing Business in the Metaverse
By Hunton Andrews Kurth LLP on
Posted in Cryptocurrencies, Regulatory
The metaverse is brimming with multifaceted, thought-provoking legal issues. What is the connection among blockchain, cryptocurrency, NFTs, and the metaverse? We consider these questions and others in this nine-part series.
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CIPL Publishes Discussion Paper on Digital Assets and Privacy
By Hunton Andrews Kurth LLP on
Posted in Regulatory
On January 20, 2023, The Centre for Information Policy Leadership at Hunton Andrews Kurth published “Digital Assets and Privacy,” a discussion paper compiling insights from workshops with CIPL member companies that explored the intersection of privacy and digital assets, with a particular focus on blockchain technology.
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Webinar: From Stormy Seas to Safe Harbors: Crypto and New UCC Article 12
By Hunton Andrews Kurth LLP on
Posted in Cryptocurrencies
Hunton Andrews Kurth LLP invites you to join us for a webinar – From Stormy Seas to Safe Harbors: Crypto and New UCC Article 12; Thursday, December 1, 2022, 1:30–2:30 pm ET…
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CFPB Publishes Bulletin Analyzing Crypto Complaints
By Hunton Andrews Kurth LLP on
Posted in Crypto Exchanges, Cryptocurrencies
On November 10, 2022, the Consumer Financial Protection Bureau (“CFPB”) announced the publication of a “complaint bulletin” analyzing consumer complaints relating to crypto assets.
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European Commission Publishes Report on Decentralized Finance
By Hunton Andrews Kurth LLP on
Posted in Crypto Exchanges, Cryptocurrencies
On October 18, 2022, the European Commission published a report, titled Information Frictions and Public Policies: Approaching the Regulation and Supervision of Decentralized Finance (“DeFi”) (the “Report”). The Report discusses the need to adapt existing policy frameworks to account for the change brought about by DeFi to the underlying information structure upon which financial services are provided.
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Treasury Issues Final Rule on Beneficial Ownership Reporting Requirements Under the Corporate Transparency Act
By Hunton Andrews Kurth LLP on
Posted in Regulatory
On September 29, 2022, the Financial Crimes Enforcement Network (“FinCEN”) issued final regulations (the “Final Rule”) implementing the comprehensive beneficial ownership reporting requirements of the Corporate Transparency Act (“CTA”), a critical part of the Anti-Money Laundering Act of 2020 (the “AMLA”).
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