January 20, 2023

Top Lines Acting Comptroller of the Currency Michael J. Hsu discussed large bank manageability in remarks at Brookings. The Acting Comptroller shared his views on detecting, preventing and addressing risks that can result in large banks becoming “too big-to-manage.” He reflected that large banks that repeatedly try but fail to fix their material deficiencies prolong […]

Niel Valmores

Niel focuses on money transmission license acquisition and maintenance, bringing hands-on experience across the MTL program. Her expertise includes managing the regulatory reporting for licensed entities, particularly for those in the digital assets space, and supporting the development of the compliance program.  She spent two years at crypto infrastructure provider Circle, where she maintained U.S. […]

January 13, 2023

Top Lines On January 11, Rep. Patrick McHenry (R-NC), Chairman of the House Financial Services Committee, announced the Republican members selected to serve on the committee. “From oversight of the Biden Administration, to enhancing capital formation opportunities, to developing clear rules of the road for digital assets—we have a lot of work to do. I […]

January 6, 2023

Top Lines The Office of Information and Regulatory Affairs (OIRA) published its Fall 2022 Unified Agenda of Regulatory and Deregulatory Actions, a comprehensive list of actions the administrative agencies are planning. Among the financial regulatory and administrative agencies, the Fall 2022 Agenda lists several new action items and delists regulatory actions proposed in the Spring 2022 […]

Roundup: December 18 – December 31, 2022

Sanctions Watch Roundup: December 18 – December 31, 2022 January 6, 2023 Bottom Line Up Front Russia sanctions will continue to dominate the sanctions landscape, with expanded sanctions coming online in February, and the bulk of the consultations coming in January.      Significant Actions – Biden Administration Russia Russia remained at the epicenter of […]

December 22, 2022

Top Lines Following weeks of debate, the government funding Omnibus bill passed the Senate Thursday before moving to the House for consideration. Despite pressure on House Republicans to oppose the $1.7 trillion legislation, just days before the caucus takes control in the 118th Congress, it is expected that the House will take up and pass […]

December 16, 2022

Top Lines The Financial Stability Oversight Council (FSOC) released its 2022 Annual Report. The report reviews financial market developments, describes potential emerging threats to U.S. financial stability, identifies vulnerabilities in the financial system, and makes recommendations to mitigate those threats and vulnerabilities. The House Financial Services and Senate Banking Committees held hearings following the FTX […]

Roundup: November 29 – December 16, 2022

Sanctions Watch Roundup: November 29 – December 16, 2022 December 16, 2022 Bottom Line Up Front Russia and Iran will continue to dominate the sanctions landscape, while sanctions actions targeting China and related activities will likely be issued at a steady pace. The Administration’s anti-corruption efforts will likely increase over the next year after the number […]

December 9, 2022

Top Lines The Securities and Exchange Commission (SEC) released new guidance requiring companies that issue securities to disclose to investors their exposure and risk to the cryptocurrency market. Following the demise of crypto exchange FTX, staff within the SEC’s Division of Corporation Finance called on issuers to evaluate their disclosures and consider whether there is […]

Max Sherman

Max designs and operationalizes strong and sustainable partnerships between fintechs and banks. He brings practical experience having served within a fintech partner bank, evaluating and onboarding fintech products including cards, lending, and small business banking. He brings a depth of expertise in consumer compliance, financial crimes, and third party risk management in particular. Max was […]