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 May 20, 2016, the FDIC extended the comment period for proposed recordkeeping requirements for FDIC-insured institutions with at least 2 million deposit accounts.
On May 20, 2016, the FDIC extended the comment period for
proposed recordkeeping requirements for FDIC-insured institutions
with at least 2 million deposit accounts. The purpose of the
proposed recordkeeping requirements is to facilitate rapid payment
of insured deposits to customers if large institutions were to
fail. The proposed requirements would not apply to smaller
institutions, including community banks.
The proposal was published in the Federal Register on February
26, 2016, with a 90-day comment period. All comments must now be
received on or before June 25, 2016. This 30-day extension will
allow interested parties additional time to consider the proposal
and the issues and questions posed for comment, particularly those
related to the estimated cost of compliance. The FDIC has published
a report prepared for the agency on the estimated cost of
compliance to assist commenters.
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guide to the subject matter. Specialist advice should be sought
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