Our counseling activities span the gamut from consumer financial services regulation to regulation of payment systems to mergers and acquisitions, and other structural issues faced by financial institutions. We understand the seismic shifts that have occurred on the financial landscape, including significant reforms enacted by Congress, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the myriad formal and informal regulatory initiatives that have accompanied those legislative reforms, and changes in financial technology (fintech) and financial markets.
We have helped clients respond to matters as diverse as the Volcker Rule’s limitations on proprietary trading and hedge fund and private equity fund investments, the Durbin Amendment’s limitations on debit card interchange, the regulation published by the Board of Governors of the Federal Reserve System (Federal Reserve) on enhanced supervision of the U.S. operations of foreign banking organizations, standard and tailored resolution plan requirements, the regulation of financial market utilities, the Federal Deposit Insurance Corporation’s (FDIC) orderly liquidation authority, and the numerous consumer protection initiatives of the Consumer Financial Protection Bureau (CFPB) (such as the CFPB’s remittance rule).
We are dedicated to representing our clients’ interests in the legislative and rulemaking process. To that end, we frequently assist clients with drafting comments, white papers, and other advocacy communications on proposed regulatory and legislative changes, and in drafting and presenting testimony before Committees of the United States Congress. We understand the practical consequences of regulatory initiatives, and use that insight to help clients find the most effective mechanisms for implementing new compliance mandates
In addition, the globally integrated nature of our practice enables our lawyers to provide comprehensive advice across the spectrum of laws relating to banking and financial services in the U.S. as well as in Europe and Asia. This includes advising clients on E.U. financial services directives and their implementation in the U.K. and providing transactional services to financial institutions and businesses with extensive European and international operations.
