The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies (cyber rules) that recently went into effect March 1, 2017. The cyber rules, codified at…
Interviews
Top 10 SEC Enforcement Highlights of 2016
We have compiled our annual Top Ten list of Enforcement Highlights. This time, it occurs towards the end of the tenure of SEC Chair Mary Jo White. Sullivan & Cromwell corporate securities and capital markets partner,
Will the Volcker Rule Survive Under the Trump Administration?
The “Volcker Rule a ban on proprietary trading activities by banks included in Dodd-Frank at the last minute, has long been one of the least popular parts of the landmark financial services reform law. Opponents of…
New Margin Requirements Sweep the OTC World
On March 1, 2017, the second wave of margin regulation for OTC derivative products swept over the world as the European rules for the mandatory posting of collateral for non-cleared derivatives began to take effect. This delayed…
Prepare for Growing Threats of Mobile Security
Ransomware was the single most frustrating and visible of issue throughout 2016. Although not the costliest or the most technically sophisticated, it wreaked havoc on a good deal of small and medium sized businesses…
Q&A with John Stacconi
You’ve been a corporate treasury executive at both major banks like J.P. Morgan and non-banks like Nomura and your current employer. What would you say are the major differences in how banks and non-banks…