FINANCIAL SERVICES REGULATORY QUICK FACTS

Attorneys focused on financial services and regulatory issues who regularly deal with, or who formerly served as senior officials and legal counsel of, federal and state agencies responsible for the supervision of banks and other financial institutions including the:

    Office of the Comptroller of the Currency
    Federal Deposit Insurance Corporation
    Federal Reserve Board
    Consumer Financial Protection Bureau
    Financial Crimes Enforcement Network (FinCEN)
    Federal Housing Finance Agency
    Department of Housing and Urban Development
    Federal Financial Institutions Examination Council
    Financial Stability Oversight Council
    Commodities Futures Trading Commission
    Department of Justice
    Department of Treasury
    Securities and Exchange Commission
    Office of Management and Budget
    Federal Trade Commission

HONORS AND AWARDS

Recognized by Chambers USA

Ranked in U.S. News - Best Lawyers "Best Law Firms," 2011 - 2017

Ranked among the nation's top firms for Financial Services:

    Regulatory in Legal 500
 

Applications for New Charters, Deposit Insurance and Other Regulator Consents



The various federal and state options for chartering an insured depository institution can be bewildering, even for experienced financial services providers. Venable regularly assists clients when chartering new institutions, engaging in reorganizations, or restructuring and implementing business strategies.

We advise on regulatory applications including new charters, deposit insurance, mergers, change of control, opening and closing branches, business plan modifications, restructuring or reorganization and, when necessary, for permission to make changes in boards and management. We also provide counsel with regard to regulatory capital issues, including the implications of Basel III, changes imposed by the Dodd-Frank Act; the ability to count various forms of equity and debt instruments as capital; and questions relating to appropriate reserves and minimum acceptable capital based on evaluations of risk.

Our attorneys advise financial institutions on oversight of audits and changes made in specific regulatory accounting rules such as the accounting for special purpose vehicles, marking assets to market values, and efforts to transition U.S. institutions to the International Financial Reporting Standards (IFRS). Venable attorneys also provide guidance regarding regulatory limitations on activities permissible for banks, thrifts, bank holding companies, thrift holding companies, and financial holding companies.