On Wednesday, May 3, Joseph Cioffi and Christine DeVito, with featured guests Gunes Kulaligil and Manny Malbari, Managing Directors/Co-Leaders of the Structured Finance Practice at Stout, held an in-person session, “Who’s Next? Identifying Vulnerabilities in the Banking System,
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Perfecting Digital Assets: There’s No Control Without Power
In 2022, the Uniform Law Commission adopted new amendments to the model Uniform Commercial Code (“UCC”) to address cryptocurrency transactions, including secured lending involving digital assets. These amendments have been enacted by at least five states (Washington, New Mexico, Colorado,
Will Another Bank Fail? Identifying Legal and Business Risks from Banking Turmoil
Does First Republic represent the beginning of the end of a banking crisis or is it merely the end of the beginning stage of banking turmoil set in motion by the run on Silicon Valley Bank (SVB)?
To successfully navigate
In-Person Event> Who’s Next? Identifying Vulnerabilities in the Banking System, Managing Risks and Maximizing Opportunities for Banks and Investors
If another bank fails, there are no guarantees the FDIC will take the extraordinary steps it did to protect Silicon Valley Bank’s depositors. Understanding where danger lurks in the system and best practices to navigate cash management and legal risks
Key Influences on the Cannabis Market in 2023
2023 may create the harshest conditions yet for the cannabis industry. The economy was already expected to be a challenge to profitability and now turmoil in the banking sector may further distract Congress from passing meaningful marijuana banking legislation, continuing
No Guarantee Systemic Risk Exception Will Save the Next Bank
As observed with the rescue of Silicon Valley Bank (SVB) and Signature Bank, the systemic risk exception allows the Federal Deposit Insurance Corporation (FDIC) to intervene in situations where the stability of the financial system is at risk. Although it
It Could Happen Again: What to Know If There is Another Bank Failure
Should additional FDIC-regulated banks fail, there is no guaranty the FDIC will adopt the same measures it adopted with SVB and Signature Bank (Signature), which entered receivership on March 12, 2023, just days after the commencement of SVB’s receivership. As
Banking Dive | Regulators Backstop SVB Deposits, Launch Emergency Lending Facility
Joseph Cioffi was quoted in a Banking Dive article, “Regulators Backstop SVB Deposits, Launch Emergency Lending Facility.”
Law.com | SVB’s Failure May Constrict Flow of Capital to Some Startups
Joseph Cioffi was quoted in a Law.com’s Corporate Counsel article, “SVB’s Failure May Constrict Flow of Capital to Some Startups.”
The American Lawyer | Signature Bank’s Failure Prompts Alarm Bells for Law Firms
Joseph Cioffi was quoted in The American Lawyer article, “Signature Bank’s Failure Prompts Alarm Bells for Law Firms.”