Simpson Thacher Attorneys Author Article on OCC Proposal on Confidential Supervisory Information Sharing
Partners Lee Meyerson and Amanda Allexon authored an article titled, “OCC Plan May Bring Data Sharing Flexibility, Diligence Issues,” which was published by Law360. The article examined the OCC’s proposed changes to its confidential supervisory information (CSI) rules and highlighted how the changes could provide greater transparency into supervisory and compliance issues during M&A due diligence. The piece further outlined key elements of the proposal, including requirements for sharing CSI with potential transaction counterparties, as well as considerations for banks and their advisers if the proposal is finalized in its current form.
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