Today the Federal Reserve Board (the Board) adopted its final rule implementing the LIBOR Act. The final rule establishes SOFR-based Board selected benchmark replacements for so called ?...
Davis Polk partners James Florack, Meyer Dworkin and Vanessa Jackson and associate Adela Troconis authored the “Law and Practice” and “Trends and Developments” sections of the USA...
Davis Polk partner and Finance co-head Jason Kyrwood and partner Meyer Dworkin authored a two-part series on “Navigating challenging markets” for International Financial Law Review. R...
In light of the global transition away from interbank offered rates, the CFTC has proposed amendments to its list of interest rate swaps subject to mandatory clearing to remove swaps refe...
In a welcome development for so-called “tough legacy” contracts, Congress has passed legislation with the goal of establishing a clear and uniform nationwide process for replacing LIB...
Davis Polk lawyers authored the USA Chapter in Chambers’ Banking & Finance 2021 global practice guide. Finance partners James Florack, Meyer Dworkin and Vanessa Jackson and associate Ad...
The Federal Reserve has opened the Main Street Lending Program to nonprofits. Main Street loans are complicated, and the fact that Main Street’s nonprofit lending facilities were bolted...
Davis Polk partner Vanessa Jackson recently authored “An Expert’s View” column in Practical Law’s “What’s Market: 2020 Mid-Year Trends in Large Cap and Middle Market Loans.”...
We have updated our visual memo on the Main Street Program to reflect the expansion of the program and the revised program documents that the Federal Reserve announced this week. This dec...
We have updated our memo on the legal architecture of the Main Street Program to reflect the expansion of the program and the revised program documents that the Federal Reserve announced ...
