Several federal financial regulators (the “Agencies”) have approved an interagency final rule to establish data standards that promote interoperability of financial regulatory data (the “Final Rule”). The Final Rule finalizes an interagency proposal that was issued in 2024. The Agencies received over 150 unique comments on the proposal from a wide range of stakeholders, including
Fine Print: A Conversation between Lloyd Blankfein and William D. Cohan
Book Talk | Register here.
June 9, 2026 | 6:00 p.m. – 8:00 p.m. ET
The Whitby Hotel, 18 W 56th, New York
The Fine Print series continues with Lloyd Blankfein joining Puck’s Wall Street author William D. Cohan to discuss Blankfein’s insightful and inspiring memoir, Streetwise: Getting to and Through Goldman Sachs
Tokenization Guidance Useful to Debt and Derivatives Markets
Last week, the banking agencies issued guidance in the form of Frequently Asked Questions that provides certainty regarding the treatment of tokenized securities for purposes of the capital rules. While this is not surprising, it is helpful to market participants perhaps especially in the context of the repo and derivatives market as more market participants
Capital Markets Insight: Investment Bank and Private Equity Sponsor Insider Trading Policies: A Survey of Key Provisions
Mayer Brown analyzed 34 insider trading policies to understand how large financial institutions address the heightened insider trading risks they face relative to other public companies. We analyzed the insider trading policies of 24 publicly traded investment banks, nine publicly traded private equity sponsors and one publicly traded financial institution with substantial operations in both
Treasury Clearing Update
In recent remarks, Commissioner Uyeda provided an update on the Securities and Exchange Commission’s progress toward implementation of the Treasury clearing rule. The Commissioner emphasized the benefits associated with central clearing, which include enhancing transparency and reducing bilateral exposures. In his remarks, he cites research from the Office of Financial Research on the benefits of
SEC Division of Examinations Announces 2026 Exam Priorities
Under new SEC leadership, the Division’s 2026 Examination Priorities reflect a modified approach, following a reevaluation of the Division’s risk-based priorities, and a renewed focus on several traditional risk areas (including Regulation Best Interest, adherence to fiduciary standards of conduct, complex products and the Broker-Dealer Financial Responsibility Rules) as well as continued attention to emerging
SEC Commissioner Uyeda Provides Update on Implementation of U.S. Treasury Clearing Rules
At the recent 2025 U.S. Treasury Market Conference, Securities and Exchange Commission (“SEC”) Commissioner Mark T. Uyeda provided an update on the implementation of the Treasury Clearing Rules. In his remarks, Commissioner Uyeda said the SEC is focused on resolving regulatory ambiguities and addressing unforeseen issues associated with the implementation of the rules. He noted
Reducing the Regulatory Burden – EU Commission De-Prioritizes Non-Essential Regulation in Securities and Derivative Markets
The EU has a comprehensive legal framework, in which many of the rules are regulatory and implementing standards (RTS and ITS, Level 2) that supplement or specify the EU Regulations and Directives (Level 1). In the last legislature, Level 1 legal acts empowered the Commission to adopt around 430 Level 2 measures. A high volume
SEC Staff Issues Guidance on Rule 15c3-3a and Treasury Clearing
On August 6, 2025, the Staff of the Division of Trading and Markets of the Securities and Exchange Commission (SEC) released an updated set of Frequently Asked Questions (FAQs) addressing the application of Rule 15c3-3a to cleared US Treasury securities. While these responses reflect only staff views and are not an SEC rulemaking, they provide
Generative AI Applications in Financial Services
Generative artificial intelligence (AI) is reshaping the financial services sector, moving from pilot projects into scaled enterprise adoption. CB Insights’ latest report addresses 100 actual applications of generative Al in financial services and insurance (the “Report”). According to the Report, banks, insurers, and wealth managers are deploying large language models (LLMs) in order to