Commentary by Steven Lofchie
On his last day in office, DOJ Antitrust Division Assistant Attorney General Makan Delrahim proposed to policymakers and antitrust enforcers the creation of a hybrid public/private digital oversight model that he dubbed the Digital Markets Rulemaking Board.
The U.S. Senate Finance Committee advanced President Joe Biden's nomination of Janet Yellen to become Secretary of the Treasury.
The Federal Reserve Board reappointed 12 Federal Reserve Bank presidents to serve five-year terms beginning March 1, 2021. The FRB also approved the reappointment of 11 first vice presidents.
An OCC proposal that would allow exemptions for national banks and federal savings associations from OCC suspicious activity reports ("SAR") requirements was published in the Federal Register.
In his 2022 fiscal year executive budget proposal legislation, New York Governor Andrew Cuomo included provisions to aid in the transition from LIBOR.