The regulatory spotlight is set to focus on nonbank financial services companies. The US Federal Reserve, the US Securities and Exchange Commission and the Financial Stability Board have each recently recommended strengthening the prudential regulatory framework for US nonbank financial companies, particularly nonbank mortgage companies. The Biden administration is poised to follow these recommendations as it seeks to extend the financial regulatory reforms undertaken with the Dodd-Frank Act. In addition, state financial regulators are considering adopting their own capital, liquidity and other prudential standards for nonbank servicers. Please join Mayer Brown partners Larry Platt and Andrew Olmem for a discussion on the prospects of regulatory reform for nonbank financial companies and what it could mean for the future of US financial markets, especially the US mortgage market.
Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.