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 January 13, 2017, the Federal Reserve, the OCC and the FDIC extended the comment period on an advance notice of proposed rulemaking on enhanced cyber risk management standards
On January 13, 2017, the Federal Reserve, the OCC and the FDIC
extended the comment period on an advance notice of proposed
rulemaking on enhanced cyber risk management standards. The
proposal, originally issued on October 26, 2016, addressed enhanced
cyber risk management standards for large and interconnected
entities under the supervision of the federal banking agencies. The
proposal addressed five categories of cyber standards: cyber risk
governance; cyber risk management; internal dependency management;
external dependency management; and incident response, cyber
resilience and situational awareness. In its notice announcing the
extension of the comment period, the federal banking agencies noted
that the range and complexity of the issues addressed in the
proposal resulted in the extension of the public comment period.
All comments on the proposal are due on February 17, 2017.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.