Shearman And Sterling

United State Capitol

Nov 09, 2020

Banking Under Biden

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BANKING UNDER BIDEN

The 2020 Election Results and Implications for the Financial Services Industry

Former Vice President Joseph R. Biden Jr. has won the 2020 presidential election and the Democratic Party will remain in control of the House of Representatives. Though it is yet uncertain whether President-elect Biden and the Democratic Party will win the ability to propose and pass wide-sweeping legislation, President-elect Biden will have the opportunity to pursue financial services regulatory and supervisory reform through agency appointments and rulemaking. This presentation highlights key potential personnel changes at the federal financial regulatory agencies and provides our view of how the financial services regulatory landscape may change in a Biden presidency.

View the presentation “Banking under Biden.”

Authors and Contributors

Reena Agrawal Sahni

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7324

+1 212 848 7324

New York

Russell Sacks

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7585

+1 212 848 7585

New York

Jennifer D. Morton

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 5187

+1 212 848 5187

New York

Mark Chorazak

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7100

+1 212 848 7100

New York

Timothy J. Byrne

Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7476

+1 212 848 7476

New York

Le-el Sinai

Associate

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7550

+1 212 848 7550

New York

Caitlin Hutchinson Maddox

Associate

Financial Institutions Advisory & Financial Regulatory

+1 212 848 5294

+1 212 848 5294

New York