William R. Kucera

Oct 10, 2023 | lexology.com | Lawrence Cunningham |Matthew Bisanz |Andrew Olmem |Megan Webster |Jeffrey Taft |William R. Kucera | +2 more

On October 3, 2023, the Federal Deposit Insurance Corporation (“FDIC”) proposed standards for corporate governance and risk management for the institutions it regulates that have $10 billion or more in total assets (“Proposed Standards”).1 The Proposed Standards would establish extensive and rigid requirements for a wide range of state-chartered banks.2 Further, they would reverse decades of reliance on state law for establishing governance and oversight obligations.

Mar 13, 2023 | lexology.com | Edward S. Best |Matthew Bisanz |Jennifer Carlson |Lawrence A. Cunningham |Phyllis G. Korff |William R. Kucera | +7 more

Companies will be affected in a variety of ways by the receivership of Signature Bank, Silicon Valley Bank and any other similarly situated financial institution. Companies may face difficulty accessing cash deposits, bank facilities or the capital markets or limitations on money market transactions or commercial paper facilities.