Cates Saleeby

With the recent one-year anniversary of three of the largest bank failures in U.S. history—shortly preceded by the largest bank merger announcement in recent years—bank merger policy has firmly attracted the attention of the public and policymakers.

ESG can lead to a thicket of political controversy. But in releasing joint guidance on how banks should be addressing climate risk, the federal regulatory agencies managed to steer clear of inflammatory issues. Here's what you need to know about the long-awaited guidance — including an outline of what the agencies expect from banks and their boards.

The final version of the National Defense Authorization Act for Fiscal Year 2024 does not include the changes to Section 16 proposed by the Senate and described in our original October 2, 2023 post. FPIs and their insiders remain exempt from the reporting requirements of Section 16, including “short-swing” profit liability.