A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On June 18, 2015, the Board of Governors of the Federal Reserve
System adopted a final rule amending Regulation D (Reserve
Requirements of Depository Institutions), changing the calculation
of interest payments on certain balances maintained by eligible
institutions at Federal Reserve Banks. In contrast to the previous
rule, which based interest payments on the average rate over the
two-week reserve maintenance period, the final rule bases interest
payments on a daily rate. The amendment is intended to enhance the
effectiveness of changes in such rates of interest in moving the
Federal funds rate into the target range established by the Federal
Open Market Committee, especially when changes in those rates do
not coincide with the beginning of a maintenance period. The
amendments to Regulation D will be effective July 23, 2015.
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guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
