On July 27, 2023, US federal banking regulators issued proposals to significantly revise the risk-based regulatory capital requirements for certain midsize and larger US banking organizations (the “Capital Proposal”) and change the method for calculating the capital surcharge for global systemically important banking organizations (“G-SIBs”). These proposals are of critical importance because the amount of
Overhaul of Regulatory Capital Requirements Proposed by US Banking Regulators
On July 27, 2023, US federal banking regulators issued proposals to (i) significantly revise the risk-based regulatory capital requirements for certain midsize and larger US banking organizations (the “Capital Proposal”) and (ii) change the method for calculating the capital surcharge for globally systemically important banking organizations (“G-SIBs”) (the “G-SIB Surcharge Proposal”). These proposals are of
MB Microtalk: SEC Disclosure Considerations Following Bank Sector Disruptions
In this MB Microtalk video, Mayer Brown’s Laura Richman discusses the types of disclosures that public companies should consider in light of recent bank failures, the resulting intervention by governmental authorities and related market volatility.
Read the legal update here.
Visit our MB Microtalk page for more topics and talks.
SEC Disclosure Considerations Following Bank Sector Disruptions
Recent failures of certain domestic and international banks and resulting government intervention, acquisitions and subsequent developments have resulted in significant disruption in the bank sector. Compliance with U.S. securities laws is important, especially in times of heightened uncertainty. This alert focuses on the impact the current volatility may have on disclosures that public companies make
Maintaining Perspective: Governance and Disclosure Reminders for Public Companies
Companies will be affected in a variety of ways by the receivership of Signature Bank, Silicon Valley Bank or any other similarly situated financial institution. Companies may face difficulty accessing bank facilities or the capital markets or limitations on money market or commercial paper facilities. Resulting liquidity constraints may entail difficult decisions, including prioritizing the
Silicon Valley Bank Emerging Company Resource Center
As part of our continued support for emerging companies and investors impacted by the SVB receivership, we launched a legal resource center with additional Q&As and specific legal form documents that are freely available.
SVB’s Collapse: Legal and Market Implications in the US and Israel
March 13, 2023 Webinar
10:30 a.m. – 11:30 a.m. EDT, 4:30 p.m. – 5:30 p.m. IL
Join Mayer Brown Financial Services Regulatory & Enforcement partners, Jeffrey Taft and Matthew Bisanz, and Banking & Finance partner, Meir Dominitz, together with ERM Finance and Banking partner, Amnon Epstein, for an interactive discussion on
SEC Statement on Current Market Events
Securities and Exchange Commission Chair Gensler released a succinct statement on March 12, 2023: “In times of increased volatility and uncertainty, we at the SEC are particularly focused on monitoring for market stability and identifying and prosecuting any form of misconduct that might threaten investors, capital formation, or the markets more broadly. Without speaking to
Silicon Valley Bank Developments – Q&A for Startups and VCs
The receivership of Silicon Valley Bank on March 10th has raised questions and concerns. A number of Mayer Brown partners have prepared this Q&A to provide some insight.