Data is of particular importance to businesses in the financial sector. This blog post provides a high level overview of how United States copyright law treats data. U.S. copyright protection for raw, unstructured data is generally regarded as thin or unavailable. The reason for this is that such raw data may not satisfy the creativity … Continue Reading
On June 29, 2017, the Division of Corporate Finance of the Securities and Exchange Commission announced that it will permit all companies to submit drafts of certain registration statements to the Division on a confidential basis, expanding a popular privilege that was made available to emerging growth companies under the Jumpstart Our Business Startups Act (known … Continue Reading
In recent years, bank regulators increasingly have focused on the growth in commercial real estate (CRE) concentrations and the perceived risk that such concentrations create in relation to earnings and capital. This concern was highlighted in December 2015, when the Fed, the FDIC and the OCC jointly issued a statement to “remind financial institutions of … Continue Reading
Republican president-elect Donald J. Trump, with the support of a Republican controlled Senate and House of Representatives, promises to bring in a new era of limited government, rolling back legislation enacted under President Obama’s administration. This transition to a new administration will have a significant impact on each of the federal financial regulatory agencies, including … Continue Reading
On November 7, 2016, the Office of the Comptroller of the Currency (“OCC”) announced that the agency will begin phasing in a new, centralized online system for processing licensing and public welfare investment applications and notices filed by national banks, federal savings associations, and federal branches and agencies (collectively, “banks”).… Continue Reading
As the 2017 proxy season approaches, now is the ideal time for bank to begin preparations. As in past proxy seasons, one issue that may turn out to be a significant focus of shareholders and companies alike is the voting standard for director elections. This is no more evident than in the corporate governance regimes … Continue Reading
