The OCC’s announcement that it will begin accepting applications for nondeposit fintech charters is an important and welcome development, especially in light of the Treasury’s explicit support for the nondeposit fintech charter and responsible innovation. The OCC described the fintech charter as allowing fintech companies to acquire or obtain
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Andrew Samuel
Mr. Samuel is an associate in Davis Polk's Corporate Department. [Full Bio]
The Bank of England’s Presumptive Path
By Randall D. Guynn & Andrew Samuel on
Posted in Bank Regulation, Resolution
Last week, the Bank of England updated its public disclosure about how it would use its resolution powers to ensure that systemically important banks can be allowed to fail without destabilizing the financial system or using public funds to bail out their private sector shareholders or bondholders. See The Bank …
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