Tag Archives: David L. Portilla

NY Attorney General Seeks Broad Authority Over Digital Assets

by Luigi L. De Ghenghi, Boaz B. Goldwater, Randall D. Guynn, Joseph A. Hall, Justin Levine, Daniel E. Newman, David L. Portilla, Gabriel D. Rosenberg, Margaret E. Tahyar, and Zachary J. Zweihorn

Photos of the authors

From top left to right: Luigi L. De Ghenghi, Boaz B. Goldwater, Randall D. Guynn, Joseph A. Hall, and Justin Levine.
From bottom left to right: Daniel E. Newman, David L. Portilla, Gabriel D. Rosenberg, Margaret E. Tahyar, and Zachary J. Zweihorn. (photos courtesy of Davis Polk & Wardwell LLP)

The NY Attorney General is seeking legislation that would significantly expand the state’s reach over digital assets and require wholesale changes to the operation of digital asset businesses that choose to remain in New York.

Letitia James, the Attorney General of the State of New York (NYAG), released a proposed bill that—if taken up by the state legislature and enacted—would create the most comprehensive and restrictive digital asset regulatory regime in the United States.

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Federal Reserve and FDIC Reports—Next Steps

Editor’s Note: The NYU School of Law Program on Corporate Compliance and Enforcement (PCCE) is watching the recent banking crisis and failures of Silicon Valley Bank, Signature Bank, and, most recently, First Republic Bank.  PCCE is looking to publish additional posts in this area and those interested should contact joseph.facciponti@nyu.edu.

by Dana Seesel Bayersdorfer, Jung Eun Choi, Luigi L. De Ghenghi, Ledina Gocaj, Randall D. Guynn, Eric McLaughlin, Daniel E. Newman, David L. Portilla, Gabriel D. Rosenberg, and Margaret E. Tahyar

Photos of the authors

From top left to right: Dana Seesel Bayersdorfer, Jung Eun Choi, Luigi L. De Ghenghi, Ledina Gocaj, and Randall D. Guynn.
From bottom left to right: Eric McLaughlin, Daniel E. Newman, David L. Portilla, Gabriel D. Rosenberg, and Margaret E. Tahyar. (photos courtesy of Davis Polk & Wardwell LLP)

The Federal Reserve and the FDIC reports on their supervision of Silicon Valley Bank and Signature Bank provide insight into potential upcoming shifts in regulatory and supervisory focus.

The Board of Governors of the Federal Reserve System (Federal Reserve or Board) released the results of its review of the supervision and regulation of Silicon Valley Bank (SVB), which was led by Vice Chair for Supervision Michael S. Barr (the Board Report),[1] and the FDIC released the results of its review of the supervision of Signature Bank,[2] which was led by FDIC Chief Risk Officer E. Marshall Gentry (the FDIC Report).[3]

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