Senators Pressure OCC to Rescind Crypto Bank Guidance, Adding Regulatory Uncertainty
Senators ask the Office of the Comptroller of the Currency (OCC) to rescind interpretive letters clarifying banks’ authority to engage in crypto-related activities. Despite efforts adding controls to crypto activities, senators still believe crypto-related activities...
SEC Seems Set on Blocking Spot Bitcoin ETPs
“We took over this station because the SEC wants to hear from investors like you.” [1] For nearly two months, commuters at Washington D.C.’s Union Station — just steps from the SEC’s offices — were treated to an unusual barrage of Grayscale advertisements. The ads...
Banking Regulators Propose CRE Loan Policy Update, Signal Concerns for Upcoming Business Cycle
Updated statement signals concern from agencies about the impact of slowing economy on CRE lenders and borrowers. Proposed statement affirms that lenders will not be criticized for implementing certain CRE loan workouts and accommodations. Agencies will not adversely...
Randall Kroszner Featured in Yahoo Finance Article on the Economy
Randall Kroszner, former Fed Governor and Senior Advisor at Patomak Global Partners, was featured in Yahoo Finance yesterday. Mr. Kroszner commented on the likelihood of a recession in the U.S., stating that "I think most indicators and most economists would suggest...
FDIC Issues Crypto Deposit Insurance Advisory: Implications for Banks and Crypto Companies
FDIC fact sheet states that only deposits at insured banks and savings associations are insured in the event of an insured institution’s failure. Deposit insurance does not apply to financial products such as stocks, bonds, money market mutual funds, securities,...
Paul Atkins and Paul Ray discuss the SEC’s Climate Rule in the Wall Street Journal
Patomak's Paul Atkins and Paul Ray took to the Wall Street Journal to discuss the SEC's Climate Rule. In this article, they comment on the important step that the Supreme Court took to restore accountability and democratic control to the executive branch in West...
Question and Answer with Keith Noreika: Perspectives on Issues Facing Banks Now
In the following interview, Keith Noreika shares his thoughts on issues facing banks today as well as current events and regulatory developments shaping the near-term horizon. Mr. Noreika joined Patomak Global Partners in July 2022 as Executive Vice President and...
CFTC Foreshadows Future Action in Carbon Markets
This event highlights limits of CFTC authority in voluntary carbon markets It exposes likely CFTC focus to be enforcement against greenwashing and additional standards development Patomak can help companies navigate compliance and enforcement risk in emerging...
Paul Atkins on Fox Business to Discuss Risk of Investing in Chinese Companies
Patomak Chief Executive and Former SEC Commissioner Paul Atkins took to Fox Business this morning to discuss investing in Chinese companies, the risks of those investments, and what to expect in the years ahead regarding SEC requirements. Click on the image below to...
Keith Noreika Joins Patomak Global Partners
Patomak Global Partners today announced former acting Comptroller of the Currency and Simpson Thacher & Bartlett LLP Partner Keith Noreika joined the firm to head its Banking Supervision and Regulation Group. “We are thrilled to add Keith’s deep expertise and...