Tag Archives: financial services

All Systems Go? LIBOR Transition Efforts During the COVID-19 Pandemic

As the COVID-19 situation continues to evolve, market volatility, workplace disruptions and a shuttering of everyday life are becoming increasingly commonplace. While the 2021 LIBOR phase-out may not seem top of mind during the current crisis, speculation is mounting about whether the pandemic will delay or otherwise alter the phasing out of the “world’s most … Continue Reading

New York State Department of Financial Services Proposes Guidance on Adoption or Listing of Virtual Currencies by Exchanges

In the summer of 2015, the New York State Department of Financial Services (DFS) finalized its regulatory framework for virtual currency firms seeking to conduct certain virtual currency (VC) business activities in the state. Since then, it has issued two dozen licenses and charters involving virtual currency transmission (VC licenses). To promote efficiency and reflect … Continue Reading

Pete Michaels Presents on United States Regulatory Traps for the Unwary Financial Services Firm

On Thursday, August 27, Greenberg Traurig’s Pete Michaels, shareholder in the Greenberg Traurig’s Financial Regulatory and Compliance and Securities Litigation Groups, presented “Legal Quick Hit: But I Thought it was No Big Deal: United States Regulatory Traps for the Unwary Financial Services Firm” to the Association of Corporate Counsel (ACC) Financial Services Committee. The webinar … Continue Reading

Financial Services Compliance Obligations Under the Cloud

The migration of personal and financial data to the cloud has highlighted, for both financial institutions and their regulators, risks associated with data breaches.  This migration has involved third-party cloud services vendors storing and processing such personal and financial data on behalf of their financial services customers. Cloud service offerings for financial services customers are … Continue Reading
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